Description

Alinma Saudi Government Sukuk ETF, is an ETF Fund that invests in a basket of Sharia’h-approved Saudi sovereign Sukuk issued by the Saudi government and listed in the main market. The Fund Manager will apply a passive management approach in mirroring the performance of the index (Alinma Saudi Sovereign Sukuk Index by IdealRatings) to generate a performance that mimic the performance of the index (before fees and expenses), distribute periodic returns, reduce cost, increase efficiency, as well as enhance liquidity by concentrating on such income-generating investment instruments which enable individuals to invest in debt capital market instruments with more flexibility, resulting in the promotion of the saving culture among investors which is one of the objectives in the Saudi Vision 2030.