Alinma Roads Mosques Endowment fund is a widely popular mutual fund in Saudi Arabia that operates as per Shariah guidelines. Since the time this fund was established, it has stood to its promise of offering reliable returns to users on their investments. However, investors must keep in mind that they must invest for a longer tenure to reap the actual benefits.
As it is a high-risk fund, it does offer great returns. However, investors must be aware of the risk involved during the tenure. Hence, this fund is majorly geared toward knowledgeable investors who are ready to get exposed to colossal market volatility in exchange for the possibility of huge returns. These investors must possess a more significant risk appetite and a longer investment time horizon.
The fund's operations are handled by Alinma Investment which is a reputed bank in the region. One of the unique features of this firm is its commitment to Islamic finance. They have designed their investment solutions as per the principles of Islamic finance. Hence, those investing in this fund can rest assured that they have made a suitable investment that is Shariah-compliant.
Alinma Roads Mosques Endowment fund is known for offering desirable returns on investments made by traders. However, they must plan their investments and analyze their budget before proceeding ahead.
Alinma Roads Mosques Endowment fund is a high-risk fund that demands investors to conduct a thorough research about the fund's performance.
The minimum amount required for investing in the Alinma Roads Mosques Endowment fund is SAR 1000. This amount is fixed by the fund to ensure they have enough capitalization to cover the fund's cost.
The annual management fee of the Alinma Roads Mosques Endowment fund is 0%. This states that investors don't need to pay any amount to the fund.
Alinma Roads Mosques Endowment fund is an open-ended fund that implies you can redeem the fund's units at any time.
Alinma Roads Mosques Endowment fund is managed by the Alinma Investment Company. The firm is widely known for its investment services.
The fundamental objective of the Alinma Roads Mosques Endowment fund is to enhance the developmental role of the endowments in supporting the care of road mosques by growing and investing in the endowment assets of the fund.
The expense ratio of the Alinma Roads Mosques Endowment fund is 0.34%. This value forms a measure of the fund's operating costs.