SNB Capital Global Sukuk Fund
011097 · Public fund · 150 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.
Fixed Income Instruments 50% 100%
Quoted from clause 4 (3)
Fixed Income Instruments 50% 100%
Quoted from clause 4 (3)
Cash, Money market instruments and funds 0% 50%
Quoted from clause 4 (3)
Cash, Money market instruments and funds 0% 50%
Quoted from clause 4 (3)
Investment funds* 0% 30%
Quoted from clause 4 (3)
Investment funds* 0% 30%
Quoted from clause 4 (3)
The Fund may invest up to 30% of its assets in other Shariah compliant investment funds managed by the Fund Manager or authorized persons registered with the CMA, given that they are public funds registered with the CMA, or a public investment fund outside the Kingdom, which is subject to an equivalent regulatory oversight in a jurisdiction recognized by the CMA as having equivalent regulation to implement the Fund’s strategy.
Quoted from clause 2 (5)
However, the Fund will not invest more than 25% of the Net Asset Value in other funds, and will not own more than 20% of the Net Asset Value of the investee fund.
Quoted from clause 2 (5)
However, the Fund will not invest more than 25% of the Net Asset Value in other funds, and will not own more than 20% of the Net Asset Value of the investee fund.
Quoted from clause 2 (5)
The Fund will not invest in asset classes other than those mentioned in paragraph (3) “Investment Policies and Practices” of this Terms and Conditions.
Quoted from clause 2 (5)
If total redemptions exceed 10% or more of the Fund's NAV, the Fund Manager has the right to postpone such redemptions to the next Dealing Day on a pro-rata basis.
Quoted from clause 5 (2)
*Other Fees and Expenses will not exceed 0.50% of the annual average value of the Fund’s assets, and the Fund Manager will carry out a quarterly review (every three months) of all the expenses charged to the Fund.
Quoted from clause 7 (4)
Subscription Fees: The Fund Manager will deduct up to 2% of the subscription amount upon each subscription transaction in the Fund, after which the balance will be invested in the Fund.
Quoted from clause 27 (2)
The Fund pays the remuneration of the independent members of the Fund Board, which is equal to USD 533.33 for each meeting held in their presence.
Quoted from clause 13 (4)
The unitholder may file a complaint with the Committee for the Resolution of Securities Disputes after (90) calendar days from the date of filing the complaint with the CMA.
Quoted from clause 30 (3)
*Other expenses shall not exceed in total 0.50% of the annual average value of the Fund’s assets.
Quoted from clause 34 (2)
What happens next
Nothing here came from your systems. It was read from the terms and conditions your fund already publishes, so you can judge the work before sharing anything.
If the limits are right, a person at your firm approves each one against its clause — that is what puts it in force. From then on, any breach you record cites the approved text, and the letter to the Authority quotes it verbatim.
- Source document
- Terms and conditions (PDF)In English
- Clauses read
- 150
- Limits proposed
- 16
- Prepared
- nothing has been shared with us
Claim this fund's rulebook
Say who you are and we mail you a personal link to this draft: every limit with its clause, nothing approved, nothing from your systems. The link lives thirty days. No account is created and nothing you type here is shared.
ComAgents — the regulator-facing accountability layer for CMA-regulated firms. Nothing here is verified; nothing came from your systems.