Yaqeen Gold Fund

Yaqeen Capital Asset Management Department strives to assist our clients realize their investment goals through a Sharia complaint innovative and customized investment solutions across a wide range of asset classes, managed by our specialized investment teams.

Financial markets are dynamic, but sound investment philosophy remain timeless and is the cornerstone of investment success. Investment management and strategies, nevertheless, need to be flexible to adapt to the ever-changing market conditions.

At Yaqeen Asset Management, fundamentals are the heart of our investment philosophy. We believe that adhering to a discipline investment process, a fundamental-based research, assure consistent and superior results.

The philosophy uses a blended investment approach, which combines top-down analysis and bottom-up analysis to come up with investment recommendations with a solid verdict. We spend more time on bottom-up analysis to build more conviction about investment ideas. Statistical analysis through various quantitative strategies and technical analysis on price actions and volume shed important lights on timing, selection, risk management and position sizing.

Fund Overview

The fund will invest in the Swiss gold commodity market, which is a financial market in which the gold commodity is bought and sold by the participants in it from central banks and commercial banks through communication and computer networks and supervised by the FINMA, where the fund invests in the gold commodity through EFG Bank - Switzerland. It is licensed by the FINMA. The fund does not invest in gold mining companies or companies that invest or trade in gold


Valuation

Last Unit's Price Change/Yield (YTD) Total NAV Valuation Date
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Documents

Yaqeen Gold Fund T&C - published 11/03/2024

Fund Voting policy

Fund Features

Fund name Yaqeen Gold Fund
Fund Type Open Ended Fund
Risk level High
Fund's investment objectives The fund is compliant with Sharia standard and it invests passively in the commodity of gold, as it seeks to achieve long-term capital growth and gains by simulating the performance of the USD/XAU gold commodity currency index (spot contracts for gold in US dollars)
Investment strategy It is an open public investment fund compliant with Sharia standards. It invests passively in the commodity of gold, as it seeks to achieve long-term capital growth and gains by simulating the performance of the USD/XAU gold commodity currency index (spot contracts for gold in US dollars) before fees and expenses. No profits are distributed to the unitholders. Instead, all realized profits are reinvested in the same fund. All fund investments are outside the Kingdom of Saudi Arabia. The fund may invest up to 10% of the fund’s total assets in gold commodity funds (Sharia-Compliant Fund) that are publicly offered and licensed by a regulator that has similar regulatory standards and requirements to the Capital Market Authority. To provide liquidity, the fund maintains cash liquidity that may reach 10% of the total assets of the fund as a maximum. The fund may also invest up to 10% as a maximum in money market instruments funds (Sharia-Compliant Fund) that are publicly offered and licensed by a regulator with standards and regulatory requirements similar to the Capital Market Authority.
Inception of fund 4/8/2020 12:00:00 AM
Fund currency US Dollar
Fund category Investment Gold Fund
Fund sub-category Shari’ah Compliant
Benchmark index USD/XAU gold commodity currency index
Inception price 1 dollar
Subscription fees 0%
Management fees 0.50% of the net asset value per annum
Valuation days Twice a week, (Tuesday and Thursday)
Dealing days Twice a week, (Tuesday and Thursday)

Financial Statements

Report English Arabic
Financial Statement - 2023 Download Download
Financial Statement (Six months) - 2023 Download Download
Financial Statement - 2022 Download Download
Financial Statement (Six months) - 2022 Download Download
Financial Statement - 2021 Download Download
Financial Statement - 2020 Download Download

Quarterly Statements

Report English Arabic
Annual Report - 2023 Download Download
4th Quarter - 2023 Download Download
3rd Quarter - 2023 Download Download
2nd Quarter - 2023 Download Download
1st Quarter - 2023 Download Download
Annual Report - 2022 Download Download
4th Quarter - 2022 Download Download
3rd Quarter - 2022 Download Download
2nd Quarter - 2022 Download Download
1st Quarter - 2022 Download Download
Annual Report - 2021 Download Download
Semi-annual Report - 2021 Download Download
3rd Quarter - 2021 Download Download
2nd Quarter - 2021 Download Download
1st Quarter - 2021 Download Download
Annual Report - 2020 Download Download
Semi-annual Report - 2020 Download
Semi-annual Report - 2020 Download Download
4th Quarter - 2020 Download Download
3rd Quarter - 2020 Download Download
2nd Quarter - 2020 Download

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