AlJazira Sukuk Fund

  • No items found.
  • Rate
    4.90
USD 90.4755
NAV (Feb 2, 2023)
-10.14%
NAV (Feb 2, 2023)
Historical NAV
-10.14%
NAV (Feb 2, 2023)
+0.75%
1D
Mutual fund graph
  • 1D
  • 5D
  • 1M
  • 3M
  • 1Y
  • 3M
  • 5Y
  • 10Y
  • All
Fund Returns
Last 1Y
-9.74%
YTD
-10.29%
Last 3Y
%
Last 3 months
-5.6%
Last 5Y
%
CAGR Month 6

About Al Jazira Sukuk Fund

Investment Objective

An open-ended fund, Al Jazira Sukuk Fund, was started by the deal between the unitholders and Aljazira Capital firm. It is a joint-stock organization that is widely recognized for offering out-of-the-box asset management services to investors in Saudi Arabia. The fund managers are the complete subordinate of the Aljazira bank. Starting its operations in 2020, the fund managed to stay on top of the investor's list when it came to investment.

Investors get a chance to make an investment in Shariah-based securities registered on broad worldwide markets that helps them earn capital gains in the mid to long run in the Middle East. Later on, the cash is distributed among the unitholders by the fund managers. The managers decide how much dividend to distribute and make a decision.

Supervised by Maples Fund services, the assets of the fund are kept under the custodian of Northern Trust Securities. The valuation of the fund is done on Monday and Thursday. Simultaneously, the announcement is made on Sunday and Tuesday. 

With the management cost of 0.65%, the investors must pay a certain amount to the fund managers who handle their portfolio on their behalf. These money managers make sure to spend in such securities that offer great returns on investment.

Expense Ratio
0.19%
Asset Class
Bond/Sukuk
Fund Type
Open
Fund Currency
USD
Shariah Compliant
YES
Fund Objective
Income
Risk Level
Medium
Minimum Subscription
0
Subscription charges
2
Management fees
0.65
Leverage
0
Launched Date
2010/09/30

Fund Managers

Aljazira Capital
Fund Manager

FAQs about Al Jazira Sukuk Fund

What Kind of Returns does Al Jazira Sukuk Fund?

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Al Jazira Sukuk Fund offers desirable returns when an investor makes an investment in the fund and purchases the units.

How risky is the Al Jazira Sukuk Fund?

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Al Jazira Sukuk Fund is a medium-risk fund. This implies that investors investing in this fund are exposed to moderate levels of risk.

What minimum amount do you need to invest in the Al Jazira Sukuk Fund?

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The minimum amount fixed for investing in this fund is 2000 USD. The fund managers come down to this value by taking several factors into consideration.

What is the average Annual Management Fee of the Al Jazira Sukuk Fund?

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The annual management fee of Al Jazira Sukuk Fund is 0.65%. When you avail of the services of experts, you ought to pay them some amount as the fees for handling your portfolio.

What is the Fund Type of the Al Jazira Sukuk Fund?

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Al Jazira Sukuk Fund is an open-ended fund that assists investors to withdraw the fund's units on any working day.

Who manages the Al Jazira Sukuk Fund?

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Al Jazira Sukuk Fund is handled by Aljazira Capital. The firm has a prominent position in the stock broking market and aims to hold it with its exceptional services.

What is the Al Jazira Sukuk Fund's goal?

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The foremost objective of Al Jazira Sukuk Fund is to help investors earn income in the mid to long tenure.

What is the expense ratio of the Al Jazira Sukuk Fund?

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The expense ratio of Al Jazira Sukuk Fund is 0.19%. The investor pays this value to the investment managers for handling their money.

Investment Calculator

SAR 5000 per month
Over the past

Total Investment of (SAR) 0
Would have become (SAR)
0 (0%)

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