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Doyof Al Rahman Associations Endowment Fund - Non Redeemable

Endowment

Supporting charitable associations that provide services benefiting the guests of Allah in both Makkah al-Mukarramah and Al-Madinha Al-Munawwarah, and providing boarding, outreach, guidance services, and support to the guests of Allah during their journey, contributing to improving their experience.

Objectives

  • Encouraging voluntary participation in non-profit developmental investment and effective contribution under the concept of social solidarity, to participate in supporting Doyof Al Rahman Associations around the Kingdom of Saudi Arabia by developing and investing their assets in the fund to enhance their value and develop the endowed capital in a way that benefits Doyof Al Rahman community members, by providing boarding, outreach, guidance services, and support to the guests of Allah during their journy, contributing to improving their experience.
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  • Terms & Conditions

  • Fund Brochure

  • Fact Sheet

  • Quarterly Statement Report

  • Interim Financial Statement

  • Annual Report

  • Financial Statement

Fund Details

Title
Description
Fund Domicile
Saudi Arabia
Inception Date
2023-06-04
Inception Price
1.000000000
Fund Currency
SAR
Benchmark
60% SAIBOR 3 Months + 25% S&P Saudi REITs Index + 15% S&P Saudi Equity Index
ISIN
071
Subscription Fee
SAR 0
Management Fee
0.40% annually of the fund’s net asset value or a performance fees of 10% of the total annual return of the fund before deducting fees and expenses at end of year, whichever is less.
Minimum Subscription
SAR 1
Minimum Additional Subscription Fee
SAR 1
Minimum Redemption
SAR 0
Valuation Days
Sunday to Thursday
Cut-Off Time
Before 10:00 AM in the dealing day
Announcement Day
Following the Dealing Day

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