Commodity Mudarabah Fund SAR

Commodity Mudarabah Fund SAR

Achieve continued increase in investors capital in the long term without distribution of profits which will be re-invested with the capital, through plans to deal in variety of commodities trades according to deferred payment conditions.

Features

• Date of launch : June 2000 , unit price : SR 100
• Risks: fund deals are short term deals including certain degree of risks due to fluctuations of prices of commodities in the international market related to political developments and other factors that affect monetary policies in some countries. This has influence over the value and profits of the fund units.
• Minimum subscription amount : 7500 SAR.
• Additional subscription : 3750 SAR.
• Evaluation : daily.
• Days of business : Saturday through Wednesday.
• Redemption : 3750 SAR
• Redemption payment : On the third working day after receipt of request.
• Management charges : the bank obtains the Mudarib share which is 12% of net profits and the remaining amount goes to fund unit holders.
• Currency of the fund : Saudi Riyal.