About SAB Invest Sukuk & Murabaha Fund
SAB Invest Sukuk & Murabaha Fund is an investment fund profile on SNDUK. This page explains SAB Invest Sukuk & Murabaha Fund performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
SAB Invest Sukuk & Murabaha Fund is managed by SAB Invest. Fund type: money_market. Fund code: SSU. Assets under management: 50461573. Minimum investment: 10 ريال. Inception date: 4/25/2007.
SAB Invest Sukuk & Murabaha Fund is an open-ended public investment fund that complies with Shariah principles and falls under the category of bond and sukuk funds. It is managed by SAB Invest. The Fund aims to achieve steady growth of invested capital while preserving it, primarily through investments in sukuk, Murabaha transactions, and Shariah-compliant money market instruments. The Fund does not distribute periodic profits to unitholders; instead, income and profits generated are reinvested in the Fund, reflecting in the unit price.
The investment policy allows between 40% and 75% of the Fund’s net assets to be allocated to debt instruments and sukuk, and up to 50% to term Murabaha transactions with local and GCC banks and financial institutions. Up to 20% may also be invested in structured investment products that comply with Shariah principles and meet the Fund’s requirements, and up to 50% in mutual funds with similar investment objectives and policies.
The Fund invests in the Saudi financial markets and the financial markets of the Gulf Cooperation Council (GCC) countries, and enters international markets only to acquire sukuk. Depending on market conditions, it may hold part or all of its assets in cash or short-term financial instruments. The Fund does not invest in company shares, and its Murabaha transactions are limited to trading in suitable basic commodities, excluding gold and silver.
The Fund uses the SAB Invest Sukuk and Murabaha Index as a benchmark for measuring performance. According to the terms and conditions, the index consists of the Dow Jones Sukuk Total Return Index and the one-week SAIBOR index, providing a basis for comparing the Fund’s performance with a combination of sukuk instruments and a money market reference rate.
The unit price is calculated on Mondays and Wednesdays. The deadline for receiving subscription and redemption requests is 4:30 p.m. Saudi Arabia time on Sunday for Monday’s valuation and on Tuesday for Wednesday’s valuation. The minimum subscription and redemption amount is SAR 10. Redemption proceeds are paid before the end of the fourth business day following the applicable valuation day. No subscription or redemption fees are charged.
SAB Invest Sukuk & Murabaha Fund fund details
SAB Invest Sukuk & Murabaha Fund is managed by SAB Invest. The asset manager oversees portfolio decisions and fund operations for SAB Invest Sukuk & Murabaha Fund.
SAB Invest Sukuk & Murabaha Fund is classified as a money_market fund, which shapes its risk profile and investment universe.
Investors can identify SAB Invest Sukuk & Murabaha Fund in market data using fund code SSU.
SAB Invest Sukuk & Murabaha Fund reports assets under management of 50461573.
The minimum investment amount to participate in SAB Invest Sukuk & Murabaha Fund is 10 ريال.
SAB Invest Sukuk & Murabaha Fund was launched on 4/25/2007, giving investors a track record to evaluate long-term performance.
SAB Invest Sukuk & Murabaha Fund performance summary
Return over 1 week: -0.0582%. Return over 1 month: -1.2504%. Return over 3 months: -0.6797%. Return over 6 months: +0.8875%. Return over 1 year: +1.6054%. Return over since inception: +33.1034%.
Use this SNDUK fund page to review SAB Invest Sukuk & Murabaha Fund returns, manager details, and strategy before investing.
SNDUK publishes SAB Invest Sukuk & Murabaha Fund data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
