Alawwal invest announces significant changes to Al Yusr Morabaha & Sukuk Fund
Alawwal invest announces significant changes to Al Yusr Morabaha & Sukuk Fund, and such changes will become effective on (16/12/1442H.) corresponding to (26/07/2021G.)".
Details of the significant change are: Determining a higher lower ceiling for the investment limits in Murabaha time deposits from the previously approved for the lowest risk category in which the fund invests, while the category with medium risks remains the same without change (75% as a maximum in Sukuk).
Determining a minimum level for the medium-risk category in which the fund invests without any change to the maximum ceiling (75% as a maximum in sukuk) in the investment limits of debt instruments and sukuk.
The unitholders have the right to redeem their units before any significant change is effective without incurring any redemption fees (if any).