Announcements
Announcement by Jadwa Investment Company regarding an update of the terms and conditions of Nafaqah Waqf Fund
Sun, 27 August 2023
Jadwa Investment announces an update of the terms and conditions of Nafaqah Waqf Fund (the “Fund”) as of 12/02/1445H corresponding to 28/08/2023G. a summary of the main updated items 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%
The updated terms and conditions can be found in the attached file.