Riyad Al Shuja’a Sharia Fund is a prominent mutual fund in Saudi Arabia that came into existence on 31st December 2002. This open-ended fund is known for investing in a broad range of funds based on Shariah guidelines and focusing on capital appreciation in the long run. With the minimum investment amount fixed at SAR 5000, investors can increase their investment with the minimum additional subscription of SAR 1000.
Managed by Riyad Capital, a renowned investment firm in Saudi Arabia, the fund activities are successfully handled by a proficient team who are well-versed with the terms of this sector. They ensure to conduct thorough research for exploring the firms that are compliant with Shariah laws and offer excellent returns in the long run.
The fund is appropriate for investors seeking a Shariah-compliant investment solution with exposure to the Saudi equity market. The fund's emphasis on Shariah-compliant assets can provide diversity and the possibility for long-term profits for investors.
Riyad Al Shuja'a Sharia Fund offers exceptional returns on investments made by people. Nevertheless, investors must check their income before proceeding with the investment.
Riyad Al Shuja'a Sharia Fund is a high-risk fund. Thus, it is the perfect investment option for people who are ready to invest for a longer tenure and bear high risk.
The minimum amount needed for investing in the Riyad Al Shuja'a Sharia Fund is SAR 5000. This value is fixed with the aim to ensure the fund has sufficient capital in its account.
The annual management fee of Riyad Al Shuja'a Sharia Fund is 0.65%. This value is charged to make the payment to fund managers.
Riyad Al Shuja'a Sharia Fund is an open-ended fund. This states that the fund is highly liquid and can be brought on any working day.
Riyad Al Shuja'a Sharia Fund is managed by Riyad Capital. The company offers several investment services in the region to meet the investor's requirements.
The primary objective of Riyad Al Shuja'a Sharia Fund is to earn revenue in the long run by investing in Shariah-compliant equities.
The expense ratio of the Riyad Al Shuja'a Sharia Fund is 0.13%. This amount is deducted from the investor's profit on an annual basis.