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×Investment Strategy
The fund invests in short term Shariah-compliant money market instruments denominated in Saudi riyal, as well as Shariah-compliant funds, sukuk issues and sukuk funds.
Fund Facts
Fund Manager | Middle East Financial Investment Company |
Domicile | Saudi Arabia |
Eligibility | All investors |
Fund Category | Money Market |
Fund SubCategory | Shariah Compliant |
Inception Date | 01/03/2011 |
Inception Price | 100.00 |
Valuation Period | Daily |
Valuation Basis | The fund's assets are valued as: Total Assets - Liabilities & Daily Management Fee / number of units. |
Fund Name | MEFIC Saudi Riyal Murabaha Fund |
Short Name | MEFIC Murabaha Fund |
Fund Objective | The fund targets capital appreciation and liquidity through investing in low-risk Shariah-compliant money market instruments. |
Fund Classification | Income |
Geographic Focus | Saudi Arabia |
Currency | Riyal |
Structure | Open |
Fees And Expenses
Additional Subscription Information :
2,000.00
Management Fee | 0.50 % | Performance Fee | 0.00 % |
Management Fee Type | Per annum | Min. Subscription | 2,000.00 |
Subscription Fee | 0.00 % | Min. Redemption | 2,000.00 |
Redemption Fee | 0.00 % | Custodian Fee | 0.03 % |
Date | Downloads | |
---|---|---|
MEFIC Saudi Riyal Murabaha Fund | 30/10/2023 |
Fund | H1 | H2 | Year | |||
---|---|---|---|---|---|---|
MEFIC Saudi Riyal Murabaha Fund | - | - | ||||
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Fund Performance
Data Not Available
NAV | 60,352,156.48 |
Unit Price | 102.2389 |
Last Update | 08/05/2024 |
Change | 0.03 % |
Previous Close | 102.21 |
12 Month Low | 100.00 |
12 Month High | 102.24 |
Performance Overview
Change (1M) | 0.51 % |
Change (3M) | 1.38 % |
Change (12M) | 2.29 % |
Change (3Y) | 2.08 % |
Change (5Y) | (11.88) % |
YTD | 2.01 % |
Change Since Inception | 2.24 % |
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