Albilad Saudi Equity Income Fund
Shariah Complianct Saudi Equity Fund
Shariah Compliant Saudi Equity fund, Ithmar, is an investment tool to achieve good return on capital on over a long-term period and provide periodic income. It is designed to invest in Shariah compliant shares of Saudi companies listed in the Saudi exchange, the activities of which conform to the rules and controls set by the Sharia Supervisory Board. This fund is distinguished by generating periodic income that targets a maximum annual distributed return of 5% p.a. form the net asset value, while maintaining risk levels within acceptable limits to achieve capital growth over the medium to long term. The distribution of returns will be every six months (semi-annual) end of May and November of every calendar year. The set benchmark is the S&P Islamic Saudi Shares with distributions.