The Fund aims to achieve a balance between the preservation of capital as much as possible and its development in the medium and long term and the distribution of a percentage of the (Yield of the Waqf) on an annual basis, by investing in different and diverse asset classes consistent with the guidelines of the Shariah Committee of the Fund.
The fund manager is required to ensure that all the investments and investment strategies meet the Shariah guidelines issued by the Shariah Committee. If the fund manager wishes to enter into a transaction that is not permissible by the Shariah guidelines issued by the Shariah Committee, he is required to obtain an approval in an independent decision from the Shariah Committee.
The Fund is considered to be of High risk, and SNB Capital gives no assurance that any appreciation in the value of the Fund’s Investments will occur, or that the value of the Fund’s Investments and the income derived from them may decrease or be subject to high volatility. SNB Capital gives no assurance that the Fund’s investment objectives will be achieved. B. The prior performance of the investment fund or the past performance of the index is not an indicator of the future performance of the fund, because the performance of the fund is subject to fluctuations according to the financial market conditions, so it is possible for the value of the units to decrease or for The Waqifs/Unitholders to lose some or all of the capital they have invested. There is no guarantee that the previous performance of the Fund will be repeated or that the performance of the indicator is representative of the expected performance of the Fund. C. There is no guarantee to those The Waqifs/Unitholders that the absolute performance of the investment fund or its performance compared to the index will repeat or match the previous performance. D. Investing in the fund is not a deposit with any local bank that markets or sells securities or is affiliated with the investment fund, so The Waqifs/Unitholders are at risk of losing part or all of their capital invested in the fund. E. The Waqifs/Unitholders may lose the endowed funds in the Waqf Investment Fund, and this loss results in the absence or decrease of the Yield of the Waqf distributed to the Waqf disbursement channels. Jood Waqf Fund Page 17 of 50 F. The following is a list of the main potential risks associated with investing in the Fund, to which the Fund is exposed and any circumstances likely to affect the value of the Fund's net assets, and its returns, noting that the risks mentioned below may not represent all risk factors related to investing in the Fund's units:
