Description

The Albilad Sukuk ETF is an open-ended, Sharia-compliant exchange-traded fund. It operates under the oversight of the Saudi Arabian Capital Market Authority (CMA), adhering to its established rules and regulations. Its primary objective is to mirror the performance of the Albilad IdealRatings Saudi Sovereign Sukuk Index. This index consists of Saudi government-issued Islamic bonds (Sukuk) that are denominated in Saudi Riyals, actively traded on Tadawul (Saudi Arabia's main market), supported by a market maker, and possess a minimum remaining maturity of three months.