Arbah Daily Liquidity Fund

Arbah Daily Liquidity Fund is an open-ended Shariah-compliant money market fund that aims to achieve capital growth while providing a high level of liquidity through investment in money market instruments and short- to medium-term fixed-income instruments, including Murabaha transactions, Sukuk, and asset-backed securities in the GCC countries, in accordance with the Shariah standards approved by the Fund's Shariah Committee.

Arbah Daily Liquidity Fund invests in instruments issued by entities within the Kingdom of Saudi Arabia (up to 80% of the fund's assets) and other GCC countries (up to 50% for each country), whether they are credit-rated or unrated.

The fund measures its performance against the 1-Month SAIBOR benchmark, which reflects the average return on one-month Saudi Riyal deposits. The benchmark is used as a reference to evaluate the fund's performance and compare its returns with those of short-term money market instruments.

The fund allows investors to subscribe and redeem on every business day, excluding official bank holidays, with a minimum subscription amount of SAR 500. The unit price is announced on the business day following the dealing day, while redemption proceeds are paid before the end of the fourth business day following the valuation point. The fund does not charge any subscription fees; however, an early redemption fee of 1% of the net value of the redeemed units applies if redemption is made within the first 30 business days from the date of subscription.

Arbah Daily Liquidity Fund is classified as a medium-risk fund and is suitable for investors seeking to invest surplus cash in Shariah-compliant financial instruments while maintaining a high level of liquidity and access to their funds when needed.