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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.


  • 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.