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Objective
To achieve consistent capital appreciation over the medium to long term, by investing mainly in listed equities and other approved investments, which harmonised with the Islamic philosophy and laws. |
| Fund Information |
| Fund Category |
Islamic Equity Fund |
| Fund Type |
Growth |
| Launch Date |
08 October 2002 |
| Investment Objective |
The Fund being a capital growth fund, is categorised as an equity fund which seeks to achieve consistent capital appreciation over the medium to long term, by investing mainly in listed equities and other approved investments, which harmonised with the Islamic philosophy and laws. |
| Asset Allocation |
Up to 99.8% of the Fund will be in Shariah-compliant equities and the remaining in cash, although the Fund may selectively invest in debentures as well. |
| Investment Strategy |
The Fund invests primarily in Shariah-compliant securities. The fundamental investment process will be driven by key investment and sectoral themes prevailing in the market at any point in time. The guiding principle to the selection of investments will be premised on compliance with Shariah requirements. |
| Investors' Profile |
Ideally for medium to long-term investors who are risk tolerant and seek higher returns for their investments. |
| Fees & Charges |
| Sales Charge per unit |
Maximum of 5.5% of the NAV per Unit |
| Annual Management Fee |
1.5% per annum of the NAV of the Fund. |
| Trustee Fee / Custodian fee |
0.07% per annum (including local custodian fee but excluding foreign sub-custodian fee) of the NAV of the Fund, subject to a minimum of RM18,000 per annum. |
| Switching Fee |
Nil |
| Performance Fee and Hurdle Value |
Not Applicable |
| Redemption Fee |
Nil |
| Transaction Details |
| Minimum Initial Investment |
RM1000 |
| Minimum Units Held |
500 units |
| Minimum Additional Investment |
RM100 |
| Cooling-off Period |
For qualified investors, within 6 Business Days from the day the initial application of units is received by the Manager. |
Period of Payment of
Redemption Proceeds |
Within 10 days from the day the redemption request is received by the Manager. |
Past earnings or the fund’s distribution record is not a guarantee or reflection of the funds’ future earnings/future distribution.
Unit prices and distributions payable, if any may go down as well as up.
Prospective Unit Holders should read and understand the contents of the Prospectus and, if necessary, should consult their adviser(s).
There are fees and charges involved and investors are advised to consider the fees and charges before investing in the fund.
