Announcement by Alawwal invest regarding an update of the terms and conditions of Al Yusr Morabaha & Sukuk Fund
Alawwal invest announces an update of the terms and conditions of Ayusr Morabaha & Sukuk fund as of (16/12/1442H) corresponding to(26/07/2021G).
A summary of the main updated items are as follows: Determining the upper and lower of investment in Murabaha time deposits from the previously approved for the lowest risk category in which the fund invests, while the medium-risk category remains the same without any change (75% as a maximum in sukuk).
Determining the minimum for the medium risk category in which the fund invests without any change to the upper limit (75% as a maximum in sukuk) in the investment limits of debt instruments and sukuk.
The updated terms and conditions can be found here