Securities

HSBC Sukuk Fund (Shariah-compliant)

HSBC Sukuk Fund is an open ended fund, sponsored and managed by HSBC Saudi Arabia and governed by the Investment Funds Regulations issued by the Capital Market Authority (CMA).

Investment Manager HSBC Saudi Arabia
Type Open Ended
Currency USD
Minimum Subscription USD 25,000
Valuation day Tuesday
Subscription Fee Up to 1%
Management Fee 1% annually
Redemption Fee 0.25%

 

The Fund will aim to achieve, over the medium to long-term, income and potential growth by investing in Sukuk issued globally as well as in Shariah Compliant money market funds, term deposits and certificates