AlAhli King Saud University Waqf Fund is a renowned mutual fund in Saudi Arabia that comes under SNB Capital. The company got approval from the Capital Market Authority on 4th July 2021 to sell the units of this fund in the Middle East region. They are the leading provider of investment funds all across the globe that are in sync with the provisions of Islamic law.
This fund comes under the medium-risk category. Hence, it is ideal for such investors who don't want to remain invested for a longer tenure. This fund invests in both debt and equity instruments that lowers the risk of investment.
The best part of this open-ended fund is that you can start your investment with as low as SAR 10. Hence, even if you have less amount in your account, you can plan your investment in this fund. The fund demands a management cost of 0.75% to make the payment to professionals who invest on the client's behalf.
AlAhli King Saud University Waqf Fund is known for providing outstanding yields to traders. However, they must plan their investment for an extended period.
AlAhli King Saud University Waqf Fund is a medium-risk fund. This implies that the fund is a combination of both debt and equity securities to keep the risk level moderate.
The minimum amount needed for investing in the AlAhli King Saud University Waqf Fund is SAR 10. This value is fixed by fund managers keeping in mind the fund's expenses.
The annual management fee of the AlAhli King Saud University Waqf Fund is 0.75%. This value helps the fund make the payment to fund managers.
AlAhli King Saud University Waqf Fund is an open-ended fund. This implies that investors can easily withdraw their funds anytime without any restrictions.
AlAhli King Saud University Waqf Fund is managed by SNB Capital. The firm is widely recognized for offering exceptional asset management services.
AlAhli King Saud University Waqf Fund aims to gain capital appreciation in the long run by investing in Shariah-compliant funds.
The expense ratio of the AlAhli King Saud University Waqf Fund is 0%. The investors need to pay this value to fund annually.