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THE
FUND
Al
Baraka General Fund is an open ended Investment Fund based on
Islamic Sharia Mudarabah.
It was established in 1992
with an authorized capital of US$ 500 million with the purpose of
realizing
competitive returns by applying Islamic modes of financing,
e.g. Murabaha, Musharakah, Leasing
Mudarabah, Bai Al-Salam abd Istisnaa contract, via three investment
categories:
Unit (A)
Upon Request
Unit (B) Short Term
Unit (C) Medium Term
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PORTFOLIO COMPOSITION
Fund's Performance
Distribution
by Mode of Finance
Maturity Distribution
Subscription in the Fund
is open for all interested investors
The minimum participation amount
for each category is as follows:
Category A, US$ 2,500 for individuals and institutions
Category B, US$ 2,500 for individuals and institutions
Category C, US$ 5,000 for individuals and US$ 25,000 for institutions
Participation
amount should be deposited in Al Baraka Investment & Development Co.
Account at one of the following bank:
Saudi American Bank
Account # 4906527
Saudi British Bank
Account # 021/132196/001
National Commercial Bank
Account # 13920244000209
Riyadh Bank
Account # 1370570679901
Funds Main
Features
Investing through
Sharia compliant modes of investment.
High transparency with complete disclosure using periodic reports and
web site.
Recognized international law and accounting firms auditing and verifying
transactions
Safety of investment by diversification of Fund's investment portfolio
and distribution among various sectors.
| Description |
A Category |
B Category |
C Category |
| Unit Price |
US$ 1 |
US$ 1 |
US$ 1 |
| Minimum Participation |
US$ 2,500 |
US$ 2,500 |
US$ 5,000 for individual
US$ 25,000 for company |
| Minimum withdrawal & addition |
US$ 500 |
US$ 500 |
US$ 500 |
| Time for Profit Distribution |
End of each gregorian Month |
End of each fiscal quarter |
End of each fiscal quarter |
| Withdrawal |
Upon request |
End of each fiscal quarter |
End of each fiscal quarter |
| Mudarib Share in Profits |
20% |
15% |
10% |
| Trading |
n\a |
At any time, the mudarib
shall received 1% fee |
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