BSF Saudi Equity Freestyle Fund
005029 · Public fund · 54 clauses read
Every limit below quotes the sentence it came from, in the document's own language. Nothing here has been approved, and no figure was generated — each one was read from the published terms and can be checked against them.
▪ The fund has the right to invest in companies listed on the main market (TASI) and the parallel market (Nomu) with a maximum of 25% of the fund's net value for the parallel market (Nomu), which are compliant with Shariah standards.
Quoted from clause 3 (2)
▪ It is not possible to allocate more than 15% of the fund's assets to one entity or one source.
Quoted from clause 3 (3)
▪ An investment fund may not own units of another investment fund if the total of the units owned exceeds (10%) of the net asset value of the fund that acquired, or (10%) of the net asset value of the fund whose units were owned.
Quoted from clause 3 (3)
The criteria applied to determine the legitimacy of the listed shares subject to investment are investment in shares of listed companies, except for: ◼ Financial institutions (except for Islamic banks and Islamic insurance companies).
Quoted from clause 25
▪ usurious debts exceeding 33% for an average period of 12 months of the market value of the company.
Quoted from clause 25
▪ Cash and debts owed to the company exceed 49% for the 12-month average of the company's market value.
Quoted from clause 25
▪ The usurious income or any income that is not compatible with the provisions of Islamic law exceeds 5% of the total income.
Quoted from clause 25
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- Source document
- Terms and conditions (PDF)In English
- Clauses read
- 54
- Limits proposed
- 7
- Prepared
- nothing has been shared with us
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