Bait Al Mal Gulf Flexible Fund for Saudi Shares that is Shariah-compliant

  • Home
  • Services
  • Bait Al Mal Gulf Flexible Fund for Saudi Shares that is Shariah-compliant
Fund Objectives Funds performance Reports
Fund Objectives
Bait Al Mal Gulf Flexible Saudi Equity Fund is a public open-ended equity fund that aims to grow capital in the long term by investing in shares of Saudi companies and real estate traded funds (REIT) during the initial public offering period in the main market for Saudi stocks and shares listed in the market index. The main (TASI) including priority rights, and investment in public investment funds with similar investment strategy, initial issue funds and money market funds that comply with the controls of the Shariah Committee and are licensed by the Capital Market Authority. The Fund will also invest in money market instruments that are compatible with the controls of the Shariah Committee directly by investing in Murabaha and trade finance contracts, which are characterized by their high liquidity and low risks, issued by a party regulated by the Saudi Arabian Monetary Agency or a similar regulatory authority outside the Kingdom, and those banks will be selected based on the classification Credit rating issued by Moody's with a minimum rating of (A .). The fund management aims to invest in stocks in an active manner without being linked to a specific index or the relative weights of market indices. The fund aims to develop capital, and the fund will not distribute any profits to investors, as the profits achieved will be reinvested in the fund. The indicative index of the fund will be the BMK Index of Saudi Stocks that are compliant with the regulations of the Shariah Committee issued by the AdelRating Company. The indicative indicator is a benchmark for comparing the fund's performance. The investment field and the components of the indicative indicator will be updated quarterly. The indicative indicator information can also be obtained through the fund manager's website.
Key Investment Strategies
In order to manage risks, the fund will diversify its investment portfolio by investing in a variety of key market sectors for Saudi stocks. The fund’s investments will be concentrated in Saudi stocks that comply with the Shariah Committee’s controls, including initial offerings and priority rights for shares of companies listed in the main Saudi stock market, with a minimum of 50% and up to 100% of the fund’s total assets. The fund also has the right to invest in real estate investment traded funds. (REIT funds) in the main market for Saudi stocks, with a maximum of 30% of the fund's total assets. The fund can invest in investment funds that invest in local stocks and with a similar investment strategy, and initial issue funds, with a maximum of 25% of the fund's total assets. The Fund will also invest in money market instruments that are compatible with the controls of the Shariah Committee directly by investing in Murabaha and trade finance contracts, which are characterized by their high liquidity and low risks, issued by a party regulated by the Saudi Arabian Monetary Agency or a similar regulatory authority outside the Kingdom, and those banks will be selected based on the classification Credit rating issued by Moody's with a minimum grade of (A). The fund also has the right to invest in money market funds with a maximum of 50% of the total assets of the fund, after studying and analyzing the returns and risks of the target fund by the fund manager.
 
The Flexible Gulf House of Money for Saudi Shares that is Sharia Compliant
last evaluation date 5/08/2019
Number of Units 1,676,734
Net Fund Value 17,437,415.09
Unit Price 10.3996 riyals
Sharp Pointer -
Standard deviation since the beginning of the year -
3-year standard deviation -
Price has changed since the beginning of the year 4.00%
Return since fund inception 4.00%
 
Reports
Terms and Conditions Download
Subscription Download
Redemption Download
Know Your Rights Download
Voting Policy Download
Monthly Fact July19