Nafaqah Waqf Fund is a Shariah-compliant mutual fund that was established under the supervision of Jadwa Capital which is a renowned investment firm in Saudi Arabia. The company specializes in providing a broad range of investment services to individuals in the region. They are committed to delivering out-of-the-box solutions to people that exceed their expectations.
The fund charges management costs from people who invest in this fund. This value helps the fund to make the investment to fund managers who work on the client's behalf on their portfolio. These fund managers are highly experienced and make sure to select the equities wisely that provide desirable returns to users.
When it comes to making an investment in this fund, investors can begin their investment with a minimum value of SAR 1000. This is the amount fixed by fund managers to ensure they have enough capitalization to cover the operating costs. The fund managers have ensured to keep the amount on the lower side so that any investor who wishes to start their investment journey can begin with this fund.
Nafaqah Waqf Fund offers reasonable returns to users when it comes to investing in the fund. However, investors must invest for a longer tenure in this fund.
Nafaqah Waqf Fund is a high-risk fund. This states that investors need to be extra careful when investing in this fund.
The minimum amount required for investing in the Nafaqah Waqf Fund is SAR 1000. This value specifies with what value individuals can begin their investment.
The annual management fee of the Nafaqah Waqf Fund is 0.60%. This amount is taken to make the payment to fund managers.
Nafaqah Waqf Fund is an open-ended fund. This implies that the fund enables the investors to make the purchase on any working day.
Nafaqah Waqf Fund is managed by Jadwa Investment.. The company has marked its position in the region for providing outstanding financial services.
The primary goal of the Nafaqah Waqf Fund is to assist investors to gain revenue in the long run by investing in equities that are based on Shariah guidelines.
The expense ratio of the Nafaqah Waqf Fund is 2.67%. As the expense ratio is higher, investors must analyze the fund thoroughly before investing.