MulakanDistribution Policy
Subject to availability of income, income distribution will be made monthly. Note: The income of the Fund is computed based on the net realized income of the Fund at each month end. 50% of the Fund’s monthly income distribution, if any, will be disbursed as wakaf asset. In the case where there is no net realized income for a particular month, no wakaf asset will be disbursed accordingly.
Investment Policy and Strategy
The Fund shall invest in a broadly diversified portfolio of Shariah-compliant equities, Shariah-compliant equity-related securities, Islamic fixed income instruments, Islamic money market instruments and Islamic deposits. The Fund’s investments into the various asset classes may range between 10% to 90% of the Fund’s NAV.
Specific Risks Associated with the Fund
- Stock Specific Risk
- Country Risk
- Currency Risk
- Political Risk
- Regulatory Risk
- Tactical Asset Allocation Risk
- Shariah-Compliant Warrant Risk
- Islamic REITs Risk
- Credit and default risk
- Rate of Return
- Profit Rate Risk
- Related Party Transaction Risk
- Counterparty Risk
- Islamic CIS Risk
- Non-compliance with SRI Funds Guidelines Risk
Investor Profile
The Fund is primarily suitable for investors who are:
- seeking income over medium to long term period;
- with moderate to high risk tolerance;
- with medium to long term investment horizon;
- who are contributing part of their investment return towards Wakaf.
Asset Allocation
10%-90% of NAV of the Fund into Shariah-compliant equities and Shariah-compliant equity related securities. 10%-90% of NAV of the Fund into Islamic fixed income instruments, Islamic money market instruments and Islamic deposits.
Investment Objectives
The Fund aims to facilitate investor who wish to channel a part of their investment returns for waqf purpose. The Fund aims to generate income through a diversified portfolio of Shariah-compliant investments across different asset classes both locally and globally.