YAQEEN Gold Fund

The Fund may invest a maximum of 10% of the Fund's total assets in gold commodity Funds (compliant with Sharia standards) that are publicly offered and licensed by a Supervisory Authority with similar standards and regulatory requirements to the Capital Market Authority.

مقتبس من البند 3 (4)

To provide liquidity, the Fund maintains cash liquidity that may reach 10% of the Fund’s total assets as a maximum, and the Fund may also invest in money market instrument funds (compliant with Sharia standards) that are publicly offered and licensed by a Supervisory Authority with similar standards and regulatory requirements to the Capital Market Authority, at a rate that may reach 10% of the fund's total assets as a maximum.

مقتبس من البند 3 (4)

To provide liquidity, the Fund maintains cash liquidity that may reach 10% of the Fund’s total assets as a maximum, and the Fund may also invest in money market instrument funds (compliant with Sharia standards) that are publicly offered and licensed by a Supervisory Authority with similar standards and regulatory requirements to the Capital Market Authority, at a rate that may reach 10% of the fund's total assets as a maximum.

مقتبس من البند 3 (4)

The Fund primarily invests in the gold commodity currency with a minimum of 90% of the total assets of the Fund and a maximum of 100% of the total assets of the Fund.

مقتبس من البند 3 (4)

The Fund primarily invests in the gold commodity currency with a minimum of 90% of the total assets of the Fund and a maximum of 100% of the total assets of the Fund.

مقتبس من البند 3 (4)

The Fund also invests in money market instrument funds (compliant with Shariah controls) that are offered publicly and licensed by a Supervisory Authority with similar standards and regulatory requirements to the Capital Market Authority, with a maximum of 10% of the fund’s total assets, and the Fund invests in gold commodity funds (compliant with Shariah controls). Offered publicly and licensed by a supervisory authority with similar standards and regulatory requirements to the Capital Market Authority, with a maximum of 10% of the Fund's total assets.

مقتبس من البند 3 (4)

The Fund maintains a cash liquidity of up to 10% of the Fund's total assets as a maximum.

مقتبس من البند 3 (4)

Gold commodity currency XAU/USD 90% 100%

مقتبس من البند 6 (3)

Gold commodity currency XAU/USD 90% 100%

مقتبس من البند 6 (3)

Money market instrument funds (compliant with Shariah controls) that are offered publicly and licensed by a Supervisory Authority with similar 0% 10% standards and regulatory requirements to the Capital Market Authority

مقتبس من البند 6 (3)

Money market instrument funds (compliant with Shariah controls) that are offered publicly and licensed by a Supervisory Authority with similar 0% 10% standards and regulatory requirements to the Capital Market Authority

مقتبس من البند 6 (3)

Cash 0% 10%

مقتبس من البند 6 (3)

Cash 0% 10%

مقتبس من البند 6 (3)

The fund seeks to simulate the performance of the index by keeping the margin of deviation from the maximum limit of 1%.

مقتبس من البند 7 (3)

The Fund seeks to achieve a minimum correlation coefficient of 0.85 with the index on an annual basis.

مقتبس من البند 7 (3)

The Fund Manager maintains a cash ratio of up to 10% of the Fund's total assets in order to comply with the recovery requests.

مقتبس من البند 7 (3)

The Fund will not invest in securities other than the securities mentioned in these terms and conditions.

مقتبس من البند 7 (3)

The maximum amount that the Fund’s assets can be invested in other fund managers’ funds is 10% of the total assets of the Yaqeen Gold Fund and not to exceed 25% of the net assets of the fund Yaqeen Gold Fund, where no additional fees

مقتبس من البند 7 (3)

Yaqeen Gold Fund will not invest in any fund managed by the Fund Manager (Yaqeen Capital).

مقتبس من البند 8 (3)

the Fund can borrow up to a maximum of 10% of the Fund’s net asset value where it will be borrowed without mortgaging any of the Fund’s assets.

مقتبس من البند 8 (3)

In the event of resorting to borrowing to manage liquidity, the loan term will not exceed 12 months.

مقتبس من البند 8 (3)

the upper limit for dealing with any counterparty is 10% of the total assets of the Yaqeen Gold Fund and does not exceed 25% of the net assets of the Yaqeen Gold Fund.

مقتبس من البند 8 (3)

Subject to Shariah controls in all fund operations, the fund will not invest in financial derivatives.

مقتبس من البند 9 (3)

All investments of the Fund are outside the Kingdom of Saudi Arabia.

مقتبس من البند 3 (4)

The net amount of commodity gold recovered in ounce must be no less than 32.15 ounce, which is equivalent to 1 kilogram of commodity gold.

مقتبس من البند 1 (5)

In the event that one of the Fund’s assets is evaluated incorrectly or the unit price is calculated incorrectly, the Fund manager documents the error directly and informs the Authority immediately of the error in the assessment or pricing, which constitutes 0.5% or more of the unit price, and this is disclosed Immediately on the Fund manager's website, the market's website, and in the Fund's reports.

مقتبس من البند 1 (6)

Execution of any recovery request may be postponed until the next trading day if the total percentage of all recovery requests for unit holders on any dealing day is 10% or more of the Fund's net asset value.

مقتبس من البند 21 (3)

The minimum amount for cash recovery is 500 USD, and for in-kind recovery 32.15 ounces of gold commodity (1 kilogram of gold commodity) after deducting in-kind recovery fees and expenses.

مقتبس من البند 21 (4)

Minimum subscription 500 USD, and the minimum additional subscription is 500 USD.

مقتبس من البند 21 (4)

The minimum ownership balance is 500 USD.

مقتبس من البند 21 (4)

The Fund Manager will not distribute any profits to the subscribers.

مقتبس من البند 12 (4)

The meeting of unit holders shall not be valid unless attended by a number of unit holders who collectively own at least 25% of the value of the units of the public fund.

مقتبس من البند 2 (8)

The Fund Manager shall, when preparing the agenda for the unit holders meeting, take into consideration the topics that the unit holders wish to include. Unit holders who own at least (10%) of the value of the Public Fund units have the right to add one or more topics to the agenda of the unit owners meeting, provided that the proposed topic does not interfere with the Fund Manager’s responsibilities and duties under the provisions of these Regulations.

مقتبس من البند 4 (5)

The Fund does not offer any diversification in assets and does not change its investment ratios in the gold commodity based on the gold commodity price forecast.

مقتبس من البند 6 (3)

The Fund is managed in a passive management style when investing in the gold commodity to achieve the Fund's objectives, and it invests directly in the gold commodity and no financial derivatives are used.

مقتبس من البند 2 (23)

Since the Fund seeks to simulate the performance of the XAU/USD commodity currency index before fees and charges, the Fund invests only in commodity gold of 999.9 purity through the specified gold provider (AFG Bank Switzerland).

مقتبس من البند 3 (17)

The Fund seeks to simulate the performance of the index by keeping the margin of deviation from the maximum limit of 1%.

مقتبس من البند 6 (10)