Principal Investment Strategies
- Purchase of goods and commodities and sell them at a mark-up on Shariah compliant short term deferred payment terms.
- Enter in a short term trade transaction that provides competitive returns and liquidity Invest in other NCBC managed money market Funds.
- Invest in other Shariah compliant short term trade transaction at the manager sole discretion. The principal investment strategy that the Fund will employ in order to achieve its objectives is to offer Investors the opportunity to contribute income from their investment to officially recognized local charities meeting strict criteria set by the Fund, in support of the following local charitable causes: a) Support of orphans (20% of the income), b) Support of needy families (20% of the income), c) Support of education for the needy (20% of the income), d) Support of the handicapped (20% of the income), e) Provision of healthcare services to the needy (20% of the income). The Fund will be open for subscription and redemption on a monthly basis.
The unit price will be fixed at SR 1.00 per unit on every Subscription Day and the resulting net trading profits are then distributed to the accounts of approved charities in proportions that ensure equal distribution to the approved causes. Please refer to Investment Restrictions appendix for further details.
For more information on the Fund’s investment strategies please refer to the Terms & Conditions.
