About MEFIC Saudi Riyal Murabaha Fund
MEFIC Saudi Riyal Murabaha Fund is an investment fund profile on SNDUK. This page explains MEFIC Saudi Riyal Murabaha Fund performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
MEFIC Saudi Riyal Murabaha Fund is managed by Mefic Capital. Fund type: money_market. Fund code: MRM. Assets under management: 47882325. Minimum investment: 2000 ريال. Inception date: 1/3/2011.
MEFIC Saudi Riyal Murabaha Fund is an open-ended public investment fund that complies with Shariah standards, managed and operated by Middle East Financial Investment Company (MEFIC Capital). The Fund aims to preserve capital and liquidity while achieving an appropriate rate of return through investments in money market instruments, fixed-income instruments, and similar investment funds that comply with Shariah rules and standards. The Fund invests between 50% and 100% of its net assets in short- and medium-term money market instruments, while investments in medium- and long-term fixed-income instruments may reach 30%, and investments in similar investment funds may reach 20%. The Fund is also required to maintain at least 10% of its net asset value in cash or investments whose maturity date or remaining maturity period does not exceed 7 business days. When selecting investments, the Fund Manager relies on assessing credit quality, expected return, quantitative screening, risk level, and compliance with Shariah standards, while investing with entities that have a good reputation and high financial solvency, in accordance with the Fund’s investment and risk management policy. The Fund uses the One-Month SAIBOR (SAIBOR 1 Month) as its benchmark, and the Fund does not engage in derivative contracts. The Fund is classified as a low-risk fund. However, this classification does not mean that capital or returns are guaranteed, as the Fund’s terms and conditions state that the investment is subject to market fluctuations, and that the value and income of the units may increase or decrease, and there is no guarantee that the Fund’s past performance will be repeated in the future. Subscriptions and redemptions of units are available on every business day from Sunday to Thursday. Requests received before 12:00 noon are executed at the valuation price of the same day, while requests received thereafter are executed at the valuation price of the following business day. Redemption proceeds are paid within three business days from the approved valuation day.
MEFIC Saudi Riyal Murabaha Fund fund details
MEFIC Saudi Riyal Murabaha Fund is managed by Mefic Capital. The asset manager oversees portfolio decisions and fund operations for MEFIC Saudi Riyal Murabaha Fund.
MEFIC Saudi Riyal Murabaha Fund is classified as a money_market fund, which shapes its risk profile and investment universe.
Investors can identify MEFIC Saudi Riyal Murabaha Fund in market data using fund code MRM.
MEFIC Saudi Riyal Murabaha Fund reports assets under management of 47882325.
The minimum investment amount to participate in MEFIC Saudi Riyal Murabaha Fund is 2000 ريال.
MEFIC Saudi Riyal Murabaha Fund was launched on 1/3/2011, giving investors a track record to evaluate long-term performance.
MEFIC Saudi Riyal Murabaha Fund performance summary
Return over 1 week: +0.0783%. Return over 1 month: +0.3722%. Return over 3 months: +1.103%. Return over 6 months: +2.2503%. Return over 1 year: +4.8274%. Return over since inception: +12.9581%.
Use this SNDUK fund page to review MEFIC Saudi Riyal Murabaha Fund returns, manager details, and strategy before investing.
SNDUK publishes MEFIC Saudi Riyal Murabaha Fund data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
