Derayah Money Market Fund
Derayah Money Market Fund
Derayah Money Market Fund
The objective of the fund is to preserve capital by investing in short-term cash instruments that comply with the fund’s Sharia standards, providing investors with diversification through investment in money market funds.
Minimum Amount for Subscription
100 SAR
Evaluation
Daily on business days in Saudi Arabia
Degree 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 benefiting from rising interest rates and achieving 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 Fund Specifications
0.40%
Management Fees
Annually of the fund's net assets.
10
Unit price at offering
SAR
0%
Subscription Fees
None
0%
Refund Fees
None
Fund Characteristics
10.1160
Unit Price
2024/08/28
Evaluation Date
0.02
Change Previous Valuation %
5.70
Change YTD %
1.16
Change Since Inception %
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