An open-end endowment mutual fund. It is publicly offered and its units are endowed for the beneficiary: Al Bir Charitable Society in Riyadh.  The Fund aims to help the beneficiary in strengthening the development role of private endowments in supporting families in need through the capitalization and investment of the endowment assets of the Fund in order to conserve the principle of social solidarity to benefit both the beneficiary and the endowed asset. The Fund Manager will invest the fund's assets professionally and competently with a view to achieve a long-term capital return and distribute a specified return rate (Galaht Alwaqaf) annually and continuously on the fund’s specified disbursement channels which are in form of social services provided through the beneficiary Al Bir Charitable Society in Riyadh”, where the charity is committed to spend the fund returns (Galaht Alwaqaf) on helping the poor and people in need.

Al Bir Charitable Society in Riyadh is keen to achieve its objectives, which are in line with its vision and mission. The charity’s objectives are:

• Caring for families in need, and seeking to alleviate their suffering by providing them food, clothing, furniture, household appliances, and financial assistance.
• Address the well-off individuals and raise their awareness to help fulfill the needs of the poor.
• Collect zakat, charities, expiations and others, and distributing them to the people in need.
• Contribute with private and governmental bodies to help people affected by public disasters.
• Establish seasonal charitable projects (school kits, feeding the fasting, Zakat al-Fitr, Eid clothing, winter clothing, and benefiting from sacrifice and ceaselessly-supplying charities).