SC Money Market Fund is a private, open-ended investment fund compatible with Shariah investment guidelines. Established in the Kingdom in accordance with Capital Market Authority regulations, the fund was incepted in August 2015 as a private placement fund.
The fund’s primary objective is to achieve capital growth, while maintaining liquidity and invested capital over the medium to long term, based on the adoption of deliberate investment strategies. These include investing in bank deposits, sukuk, future transactions, and other assets, securities, investment funds and low-risk instruments compliant with Shariah principles.
Provided that the long-term or short-term credit rating is not less than the investment grade, and in the absence of a credit rating, the fund manager relies on its internal analysis to make investment decisions. The fund can invest its assets locally or globally.