Quran Kareem Associations Endowment Fund - Non Redeemable
Endowment
Teaching and memorizing the Holy Quran through all means, focusing on understanding and contemplation caring for gifted students, teaching the elderly and prisoners, developing Quranic institutes and schools, and innovating Quranic programs and products that serve all segments of society.
Objectives
- Encouraging voluntary participation in non-profit developmental investment and effective contribution under the concept of social solidarity, to participate in supporting Quran Kareem memorizing Associations around the Kingdom of Saudi Arabia by developing and investing thier assets in the fund to enhance thier value and develop the endowed capital in a way that benefits community members, by providing Quran Kareem teaching and memorizing services and and contemplationm and developing Quranic institues and educational programs for all segments of society.
Fund Details
Title
Description
Fund Domicile
Saudi Arabia
Inception Date
2023-06-04
Inception Price
1.000000000
Fund Currency
SAR
Benchmark
The fund’s strategy does not track a benchmark but a composite index will be used to compare the performance, which includes: SAIBOR 3 months 60% S&P Saudi REIT Shariah Index 25% S&P Saudi Shariah Index 15%
ISIN
073
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
Compare Funds to find the best fit for your investment Goals
Compare Before You Invest
Pick the best investment by comparing features, fees, and performance.
Compare Funds
Calculate Your Investment!
Start your investment based on your customized plan.
Initial Investment
0
Additive amount (SAR)
0
Duration
0 Year/s
Return (%)
0 %
Your Yearly Payment (SAR)
0
Return of investment (SAR)
0
Total Investment Amount (SAR)
0
APR
0 %
Apply Easily through Al Rajhi Capital Super App
Discover the Al Rajhi Super App
Choose Your Fund
Select the fund that best matches your investment goals.
Enter Investment Details
Specify the amount you'd like to invest.
Confirm & Apply
Review and submit your investment application.
All prices are delayed.