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Al-Badr Murabaha Fund in Saudi Riyals

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Al-Badr Murabaha Fund in Saudi Riyals Al-Badr Murabaha Fund in Saudi Riyals Open-End Shariah-Compliant Money Market Investment Fund. This is the amended version of the documents for Al-Badr Murabaha Fund in Saudi Riyals that reflects the following changes: • Update the names of the Board of Directors members with and type of membership According to our letter sent to the Capital Market Authority on Dhu al Hijah 26, 1442 AH, corresponding to August 05, 2021 AD. Contents: Terms and Conditions, Information Memorandum, Summary of Information Public Salam Zaki AlKhunaizi Nawwaf bin Zaben AlOtaibi Chief Executive Officer Chief Compliance, Governance and Legal Officer Terms and Conditions Al-Badr Murabaha Fund in Saudi Riyal An open-ended investment fund in a money market, subject to Islamic Shari’a. Al-Badr Murabaha Fund in Saudi riyals was approved as an investment fund that complies with Shari’a standards approved by the Shari’a Supervisory Committee appointed for the investment fund. The terms and conditions of the Al-Badr Murabaha Fund in Saudi Riyal and all other documents are subject to the investment funds regulations and encompass complete, clear, correct, non-misleading, updated and amended information. We advise investors to read the terms and conditions and other related documents of Al-Badr Murabaha Fund in Saudi Riyal, accurately and carefully and understand them before making any investment decision regarding the fund. In the event of lack clarity, financial advice should be sought from a financial adviser licensed by the Capital Market Authority to explain the following: a. The suitability of investing in the fund to achieve the investment goals b. The ability of the potential investor to assume any of the risks associated with investing in the fund Based on the foregoing, the investor bears full responsibility as a result of his investment decision regarding the fund. By signing these terms and conditions, the unitholders acknowledge their agreement to it upon their participation in any of the units Al-Badr Murabaha Fund in Saudi Riyal The terms and conditions of the fund were issued on 21 Jamadul Awwal 1420 AH corresponding to 01 September 1999, and the last update was made on the Dhu Alhijah 26, 1442 AH, corresponding to August 05, 2021 AD. .The Authority’s approval to continue in the fund’s units was obtained on 8 Safar, 1430 AH corresponding to February 3, 2009. Confidential Fund Bulletin Currency of the Fund : Saudi Riyal. Fund's risk score : Low. Fund Type : Open-ended Shari’a Compliant Fund The fund’s investment objectives : The fund aims to generate liquidity and preservation of capital. Cash dividends : Not Applicable. Benchmark Index : 1 Week SAR deposit rate-20bps Minimum initial subscription and : 2,000 (two thousand) Saudi Riyals. investment balance Minimum additional subscription : 1,000 (thousand) Saudi Riyals. Minimum redemption : 1,000 (thousand) Saudi Riyals. Fund dealing days : Each working day in the Kingdom of Saudi Arabia. The deadline for submitting subscription and redemption instructions for each : Before 12:00 noon KSA. trading day Fund unit price announcement day : The business day following trading Day. The date for paying the value of the : Within four working days from the dealing day. redeemed units to the investors Subscription Fee : Not Available. Redemption fee : Not Available. Early redemption fee : Not Available. A maximum of 0.50% per annum of the fund net assets value. This applies Management Fee : to all unit holders as they will be treated equally. Initial unit price upon starting the fund : 10 Saudi Riyal 2 Al-Badr Murabaha Fund - Saudi RiyalConfidential Confidential Fund guide Saudi Fransi Capital Company - Commercial Registration No. 1010231217, Capital Market Authority License No. (37/11153). Head Office: PO Box 23454, Riyadh 11426 Fund Manager : Saudi Arabia. Tel: +966 11 2826666 Website: www.sfc.sa HSBC Saudi Arabia Limited Public Administration Olaya - Al-Mrooj 7267 P.O. Box: 2255 Riyadh 12283 Custodian : Kingdom of Saudi Arabia Phone +966 92000 5920 Fax +966 11 299 2385 Website: www.HSBCSaudi.com Email: [email protected] Al Athem & Al Sudairy Certified Public Accountants - a member of Crowe Global Prince Muhammad bin Abdulaziz Road - Riyadh P.O Box 11 Auditor : Riyadh 10504 Phone number: +966112175000 Fax: +966112175000 Website: www.crowe.com/sa 3 Al-Badr Murabaha Fund - Saudi RiyalConfidential Confidential Terms & Definitions Fund : Al-Badr Murabaha fund in Saudi Riyals. A person that is responsible for the management of the assets of an investment fund Fund Manager : and the business of the investment fund, and offering of units of the investment fund. A person who is authorised under the Capital Market Institutions Regulations to Custodian : conduct the securities activity of custody. Currency of the Fund : The currency in which the fund unit price is evaluated. The Kingdom : Saudi Arabia. Is the Capital Market Authority, inclusive of - wherever the text allows - any committee, The Authority: : sub-committee, employee or deputy delegated to perform any task required by the authority. Investment Funds : The list of investment funds issued by the Board of the Capital Market Authority. Regulations A joint investment program that aims to provide an opportunity for its investors to Investment Fund : participate collectively in the profits of the program, and it is managed by the fund manager for a set fee. Subscriber / Unitholder : The person who owns units in the investment fund. Unit : Units owned by the subscriber in the fund. The indicator against which the fund’s performance is compared, which is the average Benchmark Index : deposit rate trade among Saudi banks. A board whose fund manager appoints its members in accordance with the investment Fund Board : funds regulations to monitor the activities of the fund manager. The Shari’a Board / Shari’a A group of Shari’a scholars appointed by the Fund Manager to provide advice on : Committee investment products compatible with the provisions of Islamic Shari’a. The official working day, when the financial markets are open for business in the Working day : Kingdom. A day when the subscription and redemption requests for investment fund units are Dealing day : executed. Announcement Day : The days when unit prices are announced. The valuation point for each dealing day on which the net asset value per unit is Valuation Point : calculated. Last registration period : The last date to submit Fund’s units sale and redemption instructions. The fund unit value, which is calculated by dividing the net assets of the fund by the Unit Price : total number of existing units. Subscription Fee : Fees that are paid in advance when buying fund units. Compensation, expenses and fees related to consulting services to be paid to the fund Fund Management Fees : manager. Minimum subscription fee : The minimum financial amount required to subscribe in the fund. Shari’a standards approved by the Fund’s Shari’a Committee which determine the Shari’a standards : companies eligible to invest in. 4 Al-Badr Murabaha Fund - Saudi RiyalConfidential Confidential The average number of years by which the extent to which asset prices are affected by Duration : proportional changes is measured. It is the sale at the cost price plus a set known profit and a delayed payment on an Murabaha : agreed-upon date. It is a partnership agreement between the Mudareb (the First Party) or more, and a Mudarabah : financial institution where the Mudareb authorized the Second Party to invest its money for the purpose of making a profit. The certificates of sukuk in which the fund invests, and they are certificates of equal value that represent a common, undivided share in the ownership of real assets, their Sukuk : usufruct, concession rights, or ownership of an asset for a specific project that meets the Shari’a requirements and the consequent financial rights. An agreement to sell securities or assets such as sukuk at a specified price, while Repurchase agreements : pledging to buy them from the buyer on a specific date at an agreed-upon price between the two parties. An agreement to purchase securities or assets such as sukuk at a specified price, while Reverse repurchase : pledging to sell them to the buyer on a specified date at an agreed-upon price between agreements the two parties. It is a financial instrument or a contract that derives its value from the value of other real or financial assets (bonds, foreign currencies, and commodities). These financial contracts have a specified period of time in addition to a specific price and terms that are specified when the contract is concluded between the seller and the buyer, Among these contracts are futures contracts (an agreement between Two parties to sell a specific commodity in the future in exchange for a price that is determined at the time of the contract and is listed on the stock exchange where it acts as an intermediary between the two parties, Options Contracts (which is an agreement between two Derivative contracts : parties to sell a specific commodity in the future in exchange for a price determined at the time of the contract giving the right to one of the parties to sell or Buying the asset from the other party at an agreed price in advance, and listing it on the stock exchange), forward contracts (which is an agreement between two parties to sell a specific commodity in the future for a price that is set at the time of the contract), SWAPs (these are agreements on a future exchange of cash flows or For a specific asset owned by one of the parties in return for an outflow or an asset owned by the other party according to a previously arranged formula), and any other derivative contracts, provided that they are in compliance with the Fund’s Shari’a standards.
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