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