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