IBSA

Base Currency of the Fund

Saudi Riyals

Currency Exposure

All Currencies

Portfolio Objective

To seek medium to long term capital growth with the emphasis on capital preservation and limited exposure to equity markets.

Investment Policy

The Portfolio manager will allocate capital across Shariah compliant securities such as Murabaha transactions, sukuk and equities either directly, through Mutual Funds or through Discretionary Managed Accounts in order to achieve the portfolio objective.

Asset Allocation Ranges (anticipated)

The defensive portfolio is a low to medium risk portfolio that invests a high percentage of capital in Murabaha Trade transactions and/or Islamic bonds (Sukuk) and smaller percentage in Shariah compliant equities. Equity Exposure not to exceed 30%

Risk/Return Profile

Low risk/return

Minimum Initial Sub./Balance

SAR 25,000

Minimum Additional Sub./Red.

SAR 5,000

Regular Monthly Sub.

SAR 2,500

Cut Off Time For Receiving Applications/Redemptions

12:00 Noon Riyadh Time on Sundays.

Price Applicable for Purchase/Redemption of Units

If valid application is received prior to the cut off time, then the price applicable thereto shall be the prevailing price on the next valuation day.

Valuation Day

Every Tuesday

Subscription Fee

3.00%

Service Fee

0.25%

When Redeemed Funds are Paid to Investors

Two days following the applicable valuation day.

Unit Price at Inception

SAR 10