Announcements
Announcement by Jadwa Investment regarding the details of non-fundamental changes to Nafaqah Waqf Fund
Sun, 13 August 2023
Jadwa Investment announces the approval of the Board of Directors of Nafaqah Waqf Fund (the “Fund”) on a non-fundamental change to the Fund. Such change will become effective on 12/02/1445H corresponding to 28/08/2023G.
The details of the non-fundamental change are as follows:
A change in the benchmarks of the Fund to be:
Weighted Average Benchmark based on the Strategic Asset Allocation
- Money Market: SAIBOR 3M
- Sukuk: Jadwa IdealRatings Global Sukuk Index
- Local Equities: S&P Saudi Shariah Domestic Index (TR)
- Global Equities: MSCI ACWI Islamic M-Series Index
- Alternatives: SAIBOR 3M + 2%
- Private Equity: SAIBOR 3M + 5%
- Real Estate: SAIBOR 3M + 3%