|
Fund Category |
Money Market (Islamic) |
|
Fund Type |
Income |
|
Product Risk Rating |
Low |
|
Launch Date |
20 June 2017 |
Asset Allocation
(% of Fund’s NAV) |
-
Islamic deposits, Investment Account and Islamic money market instruments that will mature within 365 days: Minimum 90%.
-
Islamic deposits, Investment Account and Islamic money market instruments (e.g. Islamic negotiable instruments of deposits with maturity periods of more than 365 days but no longer than 732 days: Maximum 10%.
|
|
Performance Benchmark |
Bank Negara Malaysia Islamic Interbank Overnight Rate |
|
Investor Profile |
This Fund may be suitable for investors who:
-
have a short-term (i.e. less than one year) investment horizon;
-
want to place their monies in a Shariah-compliant investment;
-
desire for a regular stream of income**; and/or
-
have a low risk tolerance
|
|
Minimum Initial Investment |
RM1,000 |
|
Minimum Subsequent Investment |
RM100 |
|
Specific Risks |
Reinvestment risk, interest rate risk, Shariah status reclassification risk and counterparty risk |
Notes :
*Income will be distributed on a weekly basis, subject to the availability of income in the form of additional units unless unit holders opt for the distribution to be paid out.
**The Fund is not a capital guaranteed or a capital protected fund and that the returns are not guaranteed. |