Al BADR Murabaha Fund US Dollars is a Sharia-compliant mutual fund in Saudi Arabia. It was established with the aim to gain profits by making investments in financial instruments that are based on Islamic laws. The fund is registered by the Shariah board for being a Shariah-compliant fund.
As the fund comes with low risk, it is perfect for individuals who wish to invest in mutual funds but doesn’t want to take significant risks. These risk-averse investors prefer to get secure yields on their investments and cannot tolerate huge risks. Also, these traders don’t want to invest in equities as they come with great risk.
This open-ended fund makes investments in financial securities that are in accordance with Islamic laws but are not restricted to the Mudarabah agreement. The fund managers ensure not to invest in such securities that are not certified by Shariah Committee. Though the fund charges 0.50% as the management fee, it doesn’t charge any subscription fees from investors.
Al BADR Murabaha Fund US Dollars is known for providing 2.16% returns since its inception. However, one must assess their risk appetite before moving ahead.
Al BADR Murabaha Fund US Dollars is a low-risk fund which implies that the fund is perfect for such people who wish to secure their funds.
The minimum amount specified for investing in the Al BADR Murabaha Fund US Dollars is USD 1000. This value is fixed to keep sufficient funds to avoid any impact on cash flows.
0.50% is the annual management cost of Al BADR Murabaha Fund US Dollars. This value is taken to meet the payment requirements of the money managers.
Al BADR Murabaha Fund US Dollars is an open-ended fund. This states that the fund is transparent, which helps investors keep an eye on the movement of the funds and make wise decisions.
Al BADR Murabaha Fund US Dollars is handled by Saudi Fransi Capital. The organization has marked its position in Saudi Arabia for offering investment services.
Al BADR Murabaha Fund US Dollars’s motive is to gain capital appreciation by investing in Sharia-compliant securities and options.
The expense ratio of the Al BADR Murabaha Fund US Dollars is 0.48%. This value is inclusive of numerous charges required for running the fund.