Description

Albilad Sukuk ETF is an open-ended exchange traded fund, in line with the standards of Islamic Sharia, regulated in accordance with the rules and regulations of the Capital Market Authority in the Kingdom of Saudi Arabia. The fund seeks to track the performance of Albilad IdealRatings Saudi sovereign Sukuk Index, which is made up of Saudi Sovereign Sukuk that is Saudi riyal denominated, listed in the main Saudi Market (Tadawul) and linked to a market maker with remaining 3 months or more in maturity.