Fund seeks to achieve current income; liquidity and capital preservation by investing in short term Murabaha transactions.
Fund offers alternative Shariah compliant investment that generates competitive returns in contrast to the conventional short term money market instruments. The Fund also seeks to achieve maximum capital preservation, high liquidity and mitigate potential exchange rate risk
Invest fund's moneys to realize current income while protecting capital in comparison to other investment. In order to realize fund's objectives, fund's manager utilize fund's moneys through investment in Shariah compliant Murabaha transactions only
Inception of fund
6/2/2007 12:00:00 AM
Money Market Fund- local
Saudi Inter Bank Offering Rate (SIBOR) for three months