This fund has been developed as a direct answer to the worldwide financial crisis and the resulting low interest rate environment.
CAAM Saudi Fransi has combined into one fund some secure investments to offer capital protection at maturity and a small exposure to the Saudi equities to act as a return enhancer/booster.
Al Watheq is an innovative low risk fund designed for conservative investors seeking both safety and a reasonable return above current Murabaha rates over a ( 3 - year period ).
Al Watheq offers:
- Compliance with Shariah rules (approved by BSF Shariah Board)
- 100% protection of your invested capital (Net of front fees) at maturity in 2012
- A performance booster linked to the likely rebound of the Saudi equity market and the strength of the Saudi economy.
Al Watheq is a closed ended fund maturing in June 2012 with a unit price at inception of SR1000. The subscription period is limited from 9th of May to 3rd of June 2009.
CAAM Saudi Fransi launches a new fund: Al Watheq Enhanced Murabaha
- Saudi Arabia: Wednesday, May 13 - 2009 at 16:21
- PRESS RELEASE
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CAAM Saudi Fransi is pleased to announce the launch of its new mutual fund approved by the CMA for distribution in KSA: Al Watheq Enhanced Murabaha fund.
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Posted by Rima Ali Al MashniWednesday, May 13 - 2009 at 16:21 UAE local time (GMT+4)
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This article was updated on Tue Dec 01 2009.
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