Amwal
Islamic Financial Institutions Equity Fund
Al-Murabih Fund
Amwal is considered to be a unique investment alternative been in a such a growing
sector. The fund diversifies its assets in Islamic financial institutions while
maintaining its Share'ah compliance status.
Fund Objective
The fund's objective is capital gain in the long run by investing in all Islamic
financial institutions in a global scale.
Fund Features
Amwal has several features:
- Share'ah compliant.
- Investing in financially sound companies.
- Sophisticated management tools and strategies.
- Simple subscription and redemption procedures that is available in all Bank
Al Bilad branches.
- Possibility of partial or complete redemption.
Fund Properties
| Type of Fund |
|
Open. |
| Strategy of Fund |
|
Capital gain through long term investment in shares in
Islamic financial institutions. |
| Geographical zone |
|
Global. |
| Currency of Denomination |
|
US dollars |
| Exposure to other currencies |
|
Any other country's currency that the fund invests in. |
| Risk level |
|
High. |
| Benchmark |
|
Weighted average of the total market value of Islamic financial
institutions. |
| Unit price at inception |
|
1 U.S. Dollar. |
| Minimum subscription |
|
SR. 2,000. |
| Minimum addition |
|
SR. 500. |
| Minimum Redemption |
|
SR. 500 |
| Subscription fees |
|
3% from each subscription. |
| Valuation price |
|
Orders submitted before end of day of each Sunday will
be valued by next valuation day. |
| Valuation day |
|
Every Thursday. |
| Valuation basis |
|
Thursday closing prices. |
| Announcement day |
|
Every Saturday. |
| Redemption day |
|
The Sunday after the announcement Thursday. |
| Redemption fees |
|
None. |
| Management fees |
|
2% annual |
| Fund manager |
|
Bank Al Bilad Asset Management. |
| Definition of Business Day |
|
The days on which Saudi banks open for business. |
Subscription Procedure
All you have to do is come to one of Bank Al Bilad's branches: one of our staff
will do the necessary.
Conditions
- Open a current account.
- Sign the Agreement.
- Fill out the application.
- Having a mail address.
- Not less than 18 year old unless consent of a legal guardian is provided.
Documents needed
- National ID card or family registration card for Saudis or Iqama and passport
for non-Saudis.
| 
