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Takaful Endowment Fund - Non Redeemable

Endowment

Supporting and sponsoring orphans and their mothers who are beneficiaries of Al Takaful Al Khayria Association for Orphans in Medina region by developing capital and achiving sustainable returns for the Association programs.


Objectives

  • To encourage voluntary community participation in non-profit development investments and effective contribution under the concept of social solidarity, and participate in supporting the non-profit sector of charitable associations and non-profit organizations to achieve their goals and benefit them in the long term. The Fund Manager's participation through investing in different asset classes with a diversified risk assets to achieve the developmental goal of the endowed capital, with the distribution of the endowment profits to the beneficiaries of the fund at no less than 50% of the net profits annually (from distributed profits and/or capital gains.
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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
2023-11-02
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
085
Subscription Fee
SAR 0
Management Fee
0.40% annually of the fund’s net asset value
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 Valuation Day

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