About SAB Invest Saudi Riyal Murabaha Fund
SAB Invest Saudi Riyal Murabaha Fund is an investment fund profile on SNDUK. This page explains SAB Invest Saudi Riyal Murabaha Fund performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
SAB Invest Saudi Riyal Murabaha Fund is managed by SAB Invest. Fund type: money_market. Fund code: SRM. Assets under management: 2055370127. Minimum investment: 10 ريال. Inception date: 12/5/1998.
SAB Invest Saudi Riyal Murabaha Fund is an open-ended, Shariah-compliant public money market fund managed and operated by SAB Invest. The Fund aims to grow and preserve invested capital by investing in Shariah-compliant money market instruments, and is classified as low risk.
The Fund invests at least 70% of its net assets in diversified, low-risk Murabaha transactions with local, GCC, and international financial institutions. It may invest up to 30% in Sukuk, with a focus on Sukuk issued in Saudi Arabia, which may also include international sovereign and quasi-sovereign Sukuk as well as corporate and financial institution Sukuk. It may also invest up to 10% in Shariah-compliant Murabaha and fixed-income funds licensed by the Capital Market Authority. In exceptional circumstances, the Fund Manager may increase cash or money market instruments and funds to 100% of the Fund's assets.
The Fund Manager selects Murabaha counterparties from financial institutions with an investment-grade credit rating, with a minimum of BBB- from S&P or Fitch, or Baa3 from Moody's. The Fund may also deal with unrated counterparties based on an internal assessment of their financial position and management, up to a maximum of 20% of the Fund's net assets.
SAB Invest Saudi Riyal Murabaha Fund measures its performance against the average Overnight SAIBOR rate.
Subscriptions and redemptions can be made every business day from Sunday to Thursday, with requests received before 4:30 p.m. Saudi Arabia time. Redemption proceeds are paid before the end of the second business day following the valuation day. There are no subscription or redemption fees, and the minimum subscription and redemption amount is SAR 10.
SAB Invest Saudi Riyal Murabaha Fund fund details
SAB Invest Saudi Riyal Murabaha Fund is managed by SAB Invest. The asset manager oversees portfolio decisions and fund operations for SAB Invest Saudi Riyal Murabaha Fund.
SAB Invest Saudi Riyal Murabaha Fund is classified as a money_market fund, which shapes its risk profile and investment universe.
Investors can identify SAB Invest Saudi Riyal Murabaha Fund in market data using fund code SRM.
SAB Invest Saudi Riyal Murabaha Fund reports assets under management of 2055370127.
The minimum investment amount to participate in SAB Invest Saudi Riyal Murabaha Fund is 10 ريال.
SAB Invest Saudi Riyal Murabaha Fund was launched on 12/5/1998, giving investors a track record to evaluate long-term performance.
SAB Invest Saudi Riyal Murabaha Fund performance summary
Return over 1 week: +0.0878%. Return over 1 month: +0.3744%. Return over 3 months: +1.1182%. Return over 6 months: +2.2683%. Return over 1 year: +4.8307%. Return over since inception: +42.7879%.
Use this SNDUK fund page to review SAB Invest Saudi Riyal Murabaha Fund returns, manager details, and strategy before investing.
SNDUK publishes SAB Invest Saudi Riyal Murabaha Fund data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
