Alawwal Saudi Riyal Murabaha is an outstanding financial instrument launched under Alawwal Bank. It ranks among the leading banks in Saudi Arabia that are popular for providing various investment and asset management services. Based on the concept of Murabaha, this fund enables investors to purchase assets that are based on Shariah guidelines.
This open-ended fund is open for investment by both individuals and businesses. It is designed to meet the evergrowing requirements of the traders in the Middle East region. This fund provides consumers with a flexible way of financing their purchases that are based on Islamic principles. Not only this, the fund managers ensure to make an investment in such instruments that offers desirable returns.
When planning to invest in this fund, it’s essential for investors to learn about the fund’s performance and then finalize their decision. They can begin their investment with a minimum amount of SAR 5000. This amount is fixed by the investment managers to ensure they have sufficient funds for handling the fund activities.
Alawwal Saudi Riyal Murabaha offers 1.88% YTD returns on the investment made by traders. Nevertheless, investors must keep track of the fund’s performance.
Alawwal Saudi Riyal Murabaha is a low-risk fund that is best suited for investors with a low-risk appetite and who wish to invest for a shorter term.
The minimum amount one must have when investing in the Alawwal Saudi Riyal Murabaha is SAR 5000. This value is fixed by the experts handling the fund’s activities.
The annual management fee of Alawwal Saudi Riyal Murabaha is 0.50%. This value is demanded by the fund to pay professionals who make investments on behalf of the investors.
Alawwal Saudi Riyal Murabaha is an open-ennded fund. This implies that investors can buy the fund’s units on any working day.
Alawwal Saudi Riyal Murabaha is handled by Alawwal Capital. The company has received a license from Capital Market Authority to offer asset management services.
The primary objective of Alawwal Saudi Riyal Murabaha is to gain capital income in the long run by investing in Shariah-compliant equities.
The expense ratio of Alawwal Saudi Riyal Murabaha is 0.29%. Investors require to pay this amount annually to fund managers.