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Aljazira USD Murabaha Fund
Aljazira Capital
120.9293
NAV / Unit
As of: 2026-05-20
1M+0.65%3M+0.76%1Y+3.04%
120.9293
NAV / Unit
Latest Net Asset Value
+3.04%
1-Year Return
Trailing 12 Months
1.29%
Total Expense Ratio
Annual Fee Drag
9.17M USD
Fund Size (AUM)
Total Net Assets
-0.96
Sharpe Ratio (1Y)
Risk-Adjusted Return
0.99%
Volatility (1Y)
Annualised Std. Dev.
Fund Profile
The fund aims to achieve a return that exceeds the benchmark with low risk while providing liquidity over a short period by investing in Murabaha transactions in commodity markets.
Fees & Costs
Maximum Allowable Fees
Management Fee
0.75%
Subscription Fee
0.00%
Redemption Fee
0.00%
Performance Fee
15.00%
Maximum fees permitted under the fund's Terms & Conditions.
Total Expense Ratio (TER)
Fund TER
1.29%
Peer Avg
0.78%
Actual Expenses — 2025 (Dec 31, 2025)
| Expense Item | Amount | % of AUM |
|---|---|---|
| Management Fees | 118,270 USD | 1.28% |
| Other Expenses | 924 USD | 0.01% |
| Total Expenses | 119,194 USD | 1.29% |
Cost of Investing — Hypothetical 10,000 SAR Investment
Assuming 5% annual return before fees, this is the estimated SAR amount paid in fees over time.
After 1 Year
211 USD
2.1% of initial investment
fees paid
After 5 Years
1,231 USD
12.3% of initial investment
fees paid
After 10 Years
2,990 USD
29.9% of initial investment
fees paid
Performance
Sharpe Ratio
Sharpe Ratio (1Y)-0.96
Peer Avg (1Y)0.99
Historical Returns
| Period | Return | Relative (vs Peers) |
|---|---|---|
| 3 Months | +0.76% | -0.18% |
| 6 Months | +1.93% | -0.10% |
| 1 Year | +3.04% | -1.11% |
| 3 Years (Ann.) | +3.72% | -0.64% |
| 5 Years (Ann.) | +3.00% | -0.35% |
Risk Metrics
Volatility (1Y)0.99%
Holdings
By Fund (FVTPL)
- Al Jazira Riyadh USD Murabaha Fund49.97%
- Al Jazira Al Badr USD Murabaha Fund50.03%
By Geography (Amortized Cost)
- Saudi Arabia100.00%
Fund Financials — 2025 (Dec 31, 2025)
| Total Income | 683,938 USD |
| Total Expenses | 119,194 USD |
| Net Income | 564,744 USD |
| Total Assets | 9.23M USD |
| Total Liabilities | 15,226 USD |
| Net Asset Value | 9.21M USD |
| Units in Issue | 77,046 |
| NAV per Unit | 119.5900 USD |
Fund Managers
Fund Manager
- Al Jazira CapitalFund Manager
Board Members
- Saad Abdulaziz Al-GhaririBoard Chairman - Non-Independent Member
- Marco MauriBoard Member - Non-Independent Member
- Mohammad Abdulrahman Al-RemizanBoard Member - Independent Member
- Firas Hatem Al-HusseiniBoard Member - Independent Member
Shariah Advisors
- Abdullah bin Mohammed Al-MutlaqChairman of the Sharia Committee
- Mohammed Ali El-GariMember of the Sharia Committee
- Lahm bin Hamad Al-NasserMember of the Sharia Committee
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