The Fund seeks to preserve capital¹ while providing steady income² by investing in short-term Islamic deposits.

The Fund is an open-ended unit trust fund investing in Ringgit-denominated short-term Islamic deposits with Financial Institutions.

Note:
¹ Unit Holders are to note that this is not a capital guaranteed  nor protected Fund. Unit Holders’ capital is neither guaranteed nor protected.
² All income distribution will be automatically reinvested into additional Units.

Investment Strategy

The Fund will invest 100% of its NAV in Ringgit-denominated short term Islamic deposits with Financial Institutions.

The Manager shall adopt an active investment strategy by monitoring short term profit rates offered by Financial Institutions on a daily basis. The Manager seeks to maximize the Fund‟s returns by actively sourcing for and subsequently investing in short term Islamic deposits that offer the highest profit rates available.

Note:
1. The Fund’s investment in Islamic deposits may be lower than 100% to allow for payments of fees and expenses as permitted under the Deed.
2. The Fund does not have a minimum rating requirement for the Financial Institutions that it invests short term Islamic deposits with.


Product Suitability

The Fund is suitable for investors who seek regular income, have a short-term investment horizon and a low risk tolerance.


Fund Information

Product Category

Money Market (Shariah) / Income

Launch Date

4 February 2015

Performance Benchmark

Maybank 1 Month Islamic Fixed Deposit-i Rate

Entry Fee

Nil

Exit Fee

Nil

Annual Management Fee

Up to 0.30% p.a. of the Fund’s NAV

Annual Trustee Fee

0.02% p.a. of the Fund’s NAV

Minimum Initial Investment

RM100,000

Minimum Additional Investment

RM5,000 

Distribution Policy

Monthly (if any), subject to the availability of income

Asset Allocation

The Fund shall invest in the following asset class:

Asset Class
Asset Allocation
Short-term Islamic deposits  100%
Note: The Fund’s investment in Islamic deposits may be lower than 100% to allow for payment of fees and expenses as permitted under the Deed.

 


This is for information only. It should not be construed as an offer or a solicitation of an offer to purchase or subscribe or to sell units. Units of the Fund are offered solely on the basis of the information contained in the Master Prospectus and Supplementary Prospectus (if any). If you are in doubt when considering the investment or the information provided, you are advised to consult a professional adviser.

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Files Name

Product Highlight Sheet
Fund Fact Sheet