Description

The Albilad MSCI US Equity ETF operates as an open-ended, publicly traded fund, meticulously adhering to Islamic Shariah standards. It is overseen by the Kingdom of Saudi Arabia's Capital Market Authority (CMA). The primary objective of this fund is to foster long-term capital appreciation and generate significant returns. It offers investors a streamlined way to gain exposure to the U.S. equity market, bypassing the complexity of establishing a direct U.S. brokerage account, and facilitating all transactions conveniently in Saudi Riyals (SAR).