Riyal Trading Fund

 

The Trading Funds are designed to provide individual and corporate investors an opportunity to invest on a Shariah compatible basis in non-interest baring investments. Each fund is an open-ended collective investment scheme, incorporated by an agreement between the Mutual Funds Department, that is the Investment Management Division of SABB and investors.

 

Funds Objective

The Fund's objective is to achieve competitive returns at minimal risk, to strictly adhere to Shariah compatible commodity trading and interest-free financing models, as well as to enable investors to access their investment, if required, at short notice.

 

Investment Policy and Asset Allocation

Funds assets are invested in well-diversified low-risk commodity trading with local and internationally reputable clients who have sound financial backing.

 

Fund Type

Open Ended

Base Currency of the Fund

Saudi Riyals

Minimum Initial Subscription

SAR 7,500

Minimum Additional Subscription / Redemption

SAR 3,750

Regular Monthly Subscription

SAR 1,000

Valuation

 
Monday & Wednesday

Cut off time for Subscription & Redemption

12 Noon Riyadh Time on Saturday & Monday

Redemption Payout

Two days following the valuation day

Start Date

05 December 1998

Launch Price

SAR 10

Contact Us

For more information please call our toll free number

                          800 124 1212