Tadawul trading screen
Yaqeen SP ESG MENA ETFwill begin trading on the Main Market (TASI) today, Feb. 19, under the symbol 9409 and ISIN Code SA162G54J0L6. 
This fund is a public, open-ended exchange-traded fund (ETF) that complies with Shariah standards. It aims to replicate the performance of the MSCI index through passive management of a basket of stocks.
Yaqeen Capital, earlier, launched the initial public offering (IPO) of Yaqeen SP ESG MENA ETF on TASI in May 2024.
Fund Profile
Fund
Yaqeen SP ESG MENA ETF
Manager Operator
Yaqeen Capital
Fund type
Shariah-complaint, open-ended, public ETF, main market listed.
Investment Goals
Match index performance through passive stock management
Fund’s Currency
SAR
Unit Price
SAR 10
Number of Units Offered
1 mln
Duration
Open-ended
Benchmark
SP Arab ESG Shariah Composite Index (USD)
Subscription/Redemption Fees
N/A
Management Fee
0.5% of the fund’s net asset value annually, paid quarterly to the fund manager as dues
The fund intends to invest 95% of its net assets in Shariah-complaint stocks across markets in Bahrain, Egypt, Jordan, Oman, Qatar, Saudi Arabia, Tunisia, and the UAE, as part of the benchmark index portfolio.
It will retain up to 5% of its net assets in cash to cover operating expenses.
The fund aims to track the index’s performance with a maximum annual deviation of 2%, considering factors like income and expenses. However, there is no guarantee that the fund manager will perfectly match the index’s performance.
Investment Areas
Investment type
Minimum
Maximum
Shares of Shariah-compliant firms listed in MENA markets
95%
100%
Cash
—
5%
Tadawul trading screen
Yaqeen SP ESG MENA ETFwill begin trading on the Main Market (TASI) today, Feb. 19, under the symbol 9409 and ISIN Code SA162G54J0L6.
This fund is a public, open-ended exchange-traded fund (ETF) that complies with Shariah standards. It aims to replicate the performance of the MSCI index through passive management of a basket of stocks.
Yaqeen Capital, earlier, launched the initial public offering (IPO) of Yaqeen SP ESG MENA ETF on TASI in May 2024.
Fund Profile
Fund
Yaqeen SP ESG MENA ETF
Manager Operator
Yaqeen Capital
Fund type
Shariah-complaint, open-ended, public ETF, main market listed.
Investment Goals
Match index performance through passive stock management
Fund’s Currency
SAR
Unit Price
SAR 10
Number of Units Offered
1 mln
Duration
Open-ended
Benchmark
SP Arab ESG Shariah Composite Index (USD)
Subscription/Redemption Fees
N/A
Management Fee
0.5% of the fund’s net asset value annually, paid quarterly to the fund manager as dues
The fund intends to invest 95% of its net assets in Shariah-complaint stocks across markets in Bahrain, Egypt, Jordan, Oman, Qatar, Saudi Arabia, Tunisia, and the UAE, as part of the benchmark index portfolio.
It will retain up to 5% of its net assets in cash to cover operating expenses.
The fund aims to track the index’s performance with a maximum annual deviation of 2%, considering factors like income and expenses. However, there is no guarantee that the fund manager will perfectly match the index’s performance.
Investment Areas
Investment type
Minimum
Maximum
Shares of Shariah-compliant firms listed in MENA markets
95%
100%
Cash
—
5%
