026002
MEFIC Saudi Riyal Murabaha Fund
MEFIC Capital
113.2518
NAV / Unit
As of: 2026-05-20
1M+0.70%3M+1.15%1Y+5.02%
113.2518
NAV / Unit
Latest Net Asset Value
+5.02%
1-Year Return
Trailing 12 Months
0.68%
Total Expense Ratio
Annual Fee Drag
89.01M SAR
Fund Size (AUM)
Total Net Assets
2.25
Sharpe Ratio (1Y)
Risk-Adjusted Return
0.46%
Volatility (1Y)
Annualised Std. Dev.
Fund Profile
The fund aims to preserve capital and liquidity while achieving an appropriate rate of return by investing in money market instruments, fixed income, and similar investment funds that are Shariah-compliant and low risk.
Fees & Costs
Maximum Allowable Fees
Management Fee
0.50%
Subscription Fee
0.00%
Redemption Fee
0.00%
Performance Fee
0.00%
Maximum fees permitted under the fund's Terms & Conditions.
Total Expense Ratio (TER)
Fund TER
0.68%
Peer Avg
0.80%
Actual Expenses — 2025 (Dec 31, 2025)
| Expense Item | Amount | % of AUM |
|---|---|---|
| Management Fees | 770,451 SAR | 0.68% |
| Total Expenses | 770,451 SAR | 0.68% |
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
71 SAR
0.7% of initial investment
fees paid
After 5 Years
426 SAR
4.3% of initial investment
fees paid
After 10 Years
1,068 SAR
10.7% of initial investment
fees paid
Performance
Sharpe Ratio
Sharpe Ratio (1Y)2.25
Peer Avg (1Y)0.93
Historical Returns
| Period | Return | Relative (vs Peers) |
|---|---|---|
| 3 Months | +1.15% | +0.22% |
| 6 Months | +2.37% | +0.35% |
| 1 Year | +5.02% | +0.92% |
| 3 Years (Ann.) | -- | -- |
| 5 Years (Ann.) | -- | -- |
Risk Metrics
Volatility (1Y)0.46%
Holdings
By Security Type
- Cash and cash equivalents30.43%
- Financial asset at fair value through profit or loss (FVTPL)19.94%
- Financial asset measured at amortized cost49.63%
Investment in fund (FVTPL)
- Aljazira Murabaha Fund2.58%
- Alpha Murabaha Fund97.42%
Cash and cash equivalents
- Cash at bank0.15%
- Murabaha deposits99.85%
Fund Financials — 2025 (Dec 31, 2025)
| Total Income | 7.27M SAR |
| Total Expenses | 770,451 SAR |
| Net Income | 6.50M SAR |
| Total Assets | 114.03M SAR |
| Total Liabilities | 58,819 SAR |
| Net Asset Value | 113.97M SAR |
| Units in Issue | 1.02M |
| NAV per Unit | 111.2160 SAR |
Fund Managers
Board Members
- Abdulrahman bin Mohammed Al-GhurairiBoard Chairman - Non-Independent Member
- Meshal bin Ibrahim Al-MaarikIndependent Board Member
- Abdulrahman bin Suleiman Al-AmirIndependent Board Member
Shariah Advisors
- Sheikh Mohammed Ahmed SultanShari'a Advisor
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