HSBC Murabaha Funds
The Murabaha 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 HSBC and investors.
Fund's 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 | Saudi Riyals |
| Minimum Initial Subscription | SAR 5,000 |
| Minimum Additional Subscription / Redemptio | SAR 2,500 |
| Valuation | Daily (Except Friday & Saturday) |
| Cut off time for Subscription & Redemption | Before Close of Business |
| Redemption Payout | Two days after valuation day |
| Start Date | 05 December 1998 |
| Launch Price | SAR 10 |
Fund's 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 & 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 | US Dollars |
| Minimum Initial Subscription | USD 2,000 |
| Minimum Additional Subscription / Redemptio | USD 1,000 |
| Valuation | Daily (Except Friday & Saturday) |
| Cut off time for Subscription & Redemption | Before Close of Business |
| Redemption Payout | Two days after valuation day |
| Start Date | 05 December 1998 |
| Launch Price | USD 10 |