About Yaqeen SAR Murabaha Fund
Yaqeen SAR Murabaha Fund is an investment fund profile on SNDUK. This page explains Yaqeen SAR Murabaha Fund performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
Yaqeen SAR Murabaha Fund is managed by Yaqeen Capital. Fund type: money_market. Fund code: YSM. Assets under management: 589791973. Minimum investment: 10 ريال. Inception date: 6/2/2007.
Yaqeen SAR Murabaha Fund is an open-ended public investment fund classified as a money market fund, compliant with Sharia principles, and managed by Yaqeen Capital. The fund aims to generate current income while providing liquidity and preserving capital by investing in Murabaha transactions and low-risk money market instruments denominated in Saudi Riyals.
The fund is classified as a low-risk investment, and investing in Saudi Riyals reduces currency mismatch risk for investors who measure their returns in Saudi Riyals.
The fund's investments are concentrated in money market instruments, Murabaha transactions, and bank deposits that comply with Sharia principles, in addition to government and corporate sukuk in the Kingdom of Saudi Arabia and Gulf countries, as well as fixed-income funds with strategies aligned with the fund's investment policy.
The allocation to money market instruments ranges from 50% to 100% of net assets, while investments in debt instruments and fixed-income funds may reach 25%, and investments in funds with similar strategies may reach 50%. The fund is committed to ensuring that investments with any single counterparty do not exceed 25% of net assets. Sukuk are also subject to approved credit rating requirements, while investments not directly credit-rated must not exceed 20% of net assets. The fund manager relies on an internal credit rating for securities and sukuk based on the issuer's financial position, cash flows, and management quality.
The fund uses the three-month Saudi Riyal deposit rate as a benchmark for comparing its performance. For search purposes, it is referred to as the “3-Month Saudi Riyal Deposit Rate” and is also associated with the search term “SAIBOR 3M.” Bloomberg provides the benchmark data, which is based on the average yield on Saudi banks' quoted three-month Saudi Riyal deposit rates and is used as a reference for comparing the fund's performance with Saudi money market returns.
Subscriptions and redemptions are available on every business day, and there is no minimum amount for initial subscriptions, additional subscriptions, or redemptions, in accordance with the terms and conditions. The unit price is announced daily, and orders must be submitted before the specified dealing-day cutoff time. Late orders are processed on the next dealing day, and redemption proceeds are paid within a maximum of two business days after the valuation day following receipt of the request.
Yaqeen SAR Murabaha Fund fund details
Yaqeen SAR Murabaha Fund is managed by Yaqeen Capital. The asset manager oversees portfolio decisions and fund operations for Yaqeen SAR Murabaha Fund.
Yaqeen SAR Murabaha Fund is classified as a money_market fund, which shapes its risk profile and investment universe.
Investors can identify Yaqeen SAR Murabaha Fund in market data using fund code YSM.
Yaqeen SAR Murabaha Fund reports assets under management of 589791973.
The minimum investment amount to participate in Yaqeen SAR Murabaha Fund is 10 ريال.
Yaqeen SAR Murabaha Fund was launched on 6/2/2007, giving investors a track record to evaluate long-term performance.
Yaqeen SAR Murabaha Fund performance summary
Return over 1 week: +0.0987%. Return over 1 month: +0.4206%. Return over 3 months: +1.2473%. Return over 6 months: +2.5197%. Return over 1 year: +5.3814%. Return over since inception: +62.34%.
Use this SNDUK fund page to review Yaqeen SAR Murabaha Fund returns, manager details, and strategy before investing.
SNDUK publishes Yaqeen SAR Murabaha Fund data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
