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All of us aim for a financially better life, but financial aspirations differ from one person to the other. Early planning and the right investment decisions will help you to realize your ambitions. For this reason, Aljazira Capital has introduced Al-Qawafel Fund to help people to manage their short-term liquidly needs by taking minor-risk investments and securing fast liquidity when needed.
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| Aims of the Fund |
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The fund aims to accrue savings through profitable ventures and by securing liquidity at all times.
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Investment Strategy
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The fund’s strategy lies in investing fund's assets in liquid ventures that comply with Shariah principles and gives enhanced returns over three-month SIBOR rate.
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| Benefits of the Fund: |
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- Very low risk investment.
- Full compliance with Shariah principles and supervised by the fund Shariah board.
- Daily assessment of the fund’s units.
- The possibility of joining with a lower capital - that of 5,000 Saudi Riyals.
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Fees
The fund pays the following fees to the fund management as wages in return for the services that it offers:
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- Management fees: 0.50% annually on the basic net asset value of the fund.
- Administrative fees: 0.25% annually on the basic net asset value of the fund.
- Custody fees: 0.02% annually on the basic net asset value of the fund.
- The fund bears all other costs associated with regulations, marketing and management.
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| Notice: |
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As described in the terms and conditions in the agreement, Fund is designed for investors who have knowledge and expertise of relative financial instruments. Investors should understand that analyzing the returns of previous years is an indicator of how the fund might perform. However, this does not mean that previous returns are a guarantee of any future achievements. The fund’s share prices can either increase or a decrease, and there are no guarantees for any return on capital. We also wish to draw the investors’ attention to the risks mentioned in the terms and conditions of the fund’s agreement.
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| General Information: |
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Fund's details are written in the Terms and Conditions booklet, which must be read carefully and thoroughly by any investor.
Al-Qawafel Terms and Conditions
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