Derayah Money Market Fund
Derayah Money Market Fund
Derayah Money Market Fund
The fund objective is to preserve capital by investing in short-term cash instruments that comply with the Sharia standards of fund, providing investors with diversification through investment in money market funds.
Minimum Amount for Subscription:
100 SAR
Evaluation Frequency:
Daily on business days in Saudi Arabia
Level of Risk:
Low
Most Important Features
- The fund aims to preserve capital.
- The fund offers high liquidity due to the short duration of investments.
- Investing in money market funds enhances diversification in investors' portfolios.
- Investing in money market funds allows investors to benefit from rising interest rates and achieve substantial returns.
- All fund investments comply with the standards approved by the fund's Sharia board.
- Diversification in deposit maturity periods.
- Multiple counterparties with investment limits for each party.
Facts and Characteristics of Derayah Money Market Fund
Derayah Money Market Fund Specifications
0.40%
Management Fees:
Annually, based on the fund's net assets.
10
Unit Price at Offering:
SAR
0%
Subscription Fees:
None
0%
Redemption Fees
None.
Fund Characteristics
10.2454
Unit Price:
2024/11/20
Evaluation Date:
0.01
Change (Previous Valuation %)
5.69
Change (YTD %)
2.45
Change (Since Inception %)
How to subscribe to service
You can apply to open an account for free, with no minimum balance required.
Fund Announcements
Announcement by Derayah Financial regarding the details of non- fundamental changes to Derayah Money Market Fund – in Saudi Riyals.
13/10/2024
Derayah Financial announces the approval of the Fund’s Board of Directors of a non-fundamental change to Derayah Money Market Fund – in Saudi Riyals such change will become effective on (25/04/1446 H.)
Announcement by Derayah Financial Company the availability of the Quarterly statement of Derayah Derayah Money Market Fund – in Saudi Riyals for the period ending on 30-09-2024
Derayah Financial Company announces that the quarterly statement of Derayah Derayah Money Market Fund – in Saudi Riyals for the period ending on 30-09-2024
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