The Fund seeks to provide investors with a regular income stream and high level of liquidity to meet cash flow requirement while maintaining capital preservation.
The Fund endeavours to distribute income on a monthly basis by way of reinvestment in the form of additional units.
(Formerly known as: Islamic Cash Fund)
The Fund is primarily suitable for low risk investors who are generally conservative, risk averse and prefer a short-term investment that complies with Shariah requirements.
The Fund shall invest in a diversified portfolio of good quality short-term Islamic fixed income securities carrying a minimum credit rating of AA3/P1 (RAM or equivalent) and Islamic money market instruments, including Islamic Negotiable Instruments of Deposits, Islamic Accepted Bills and Islamic commercial papers. Other short-term Islamic fixed income investments comprising of government and government sponsored bonds and Islamic private debt securities with maturity of not more than 732 days.
Asset Allocation: The Fund will invest between 90% to 100% in short-term Islamic fixed income instruments with maturity of not more than 365 days. Up to 10% of the NAV of the Fund is to be invested in short-term Islamic fixed income instruments, Islamic money market instruments and Islamic NIDs with remaining maturity exceeding 365 days but no longer than 732 days.
Fees & Transactions
|Fees & Charges|
|Free Switches Yearly||N/A|
|Annual Management Fee||0.5%|
|Investment||Initial: RM1,000,000 |
|Regular Investment||Initial: N/A|
|Account Balance||500,000 units|
|Prospectus||Refer to company website or branch office.|
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