Get StartedType of Fund
Income
Tags
Malaysia
Commencement Date
24 July 2024
Financial Year End
31 August
Investor Risk Profile
Moderate
Benchmark
12-month Term Deposit-i Tawarruq profit rate of Bank Islam Malaysia Berhad
Manager
BIMB Investment Management Berhad
199301021508 (276246-X)
199301021508 (276246-X)
Trustee
Amanahraya Trustee Berhad
[200701008892 (766894-T)]
[200701008892 (766894-T)]
Income Distribution Policy
Subject to the availability of income, distribution, if any, shall be on a quarterly basis after the first anniversary of the Fund’s commencement date and at the discretion of the Manager.
Investment Policy and Strategy
To achieve the objective of the Fund, the Fund intends to invest in Ringgit Malaysia denominated Sukuk issued and/or offered in Malaysia. These Sukuk are expected to provide returns at intervals which are predetermined. Investments in local Sukuk would be driven by the outlook of the central bank’s rates over the medium to long-term horizon. This will enable the Manager to decide on the duration of the investments of the Fund. Fundamental and relative value analysis will also be conducted to enhance return with reasonable level of risks.
Investor Profile
Suitable for investors who:
- aim for steady income stream over a medium to long-term period.
- have a moderate risk tolerance level.
Asset Allocation
| Asset Type | % of the Fund’s NAV |
| RM denominated Sukuk issued and/or offered in Malaysia and/or Islamic CIS | Minimum 70% |
| Islamic Liquid assets | Maximum 30% |
Investment Objectives
The Fund aims to provide steady income stream over a medium to long-term period.
Note: Any material changes to the Fund’s investment objective would require Unit Holders’ approval.
Fund's Account Number
14014010166041
BIMB MYR SUKUK INCOME FUND
Bank Islam Malaysia Berhad
NOTE:
- Investors are required to complete the necessary application form and other related documents required by the Manager.
- A bank validated fund transfer form must be presented to the Manager as evidence of payment.
- Any certified document required must be at least certified by an authorised Unit Trust Scheme (UTS) Consultant, authorised Institutional UTS Adviser (IUTA) and/or marketing staff of the Manager.
- Investors are advised not to make payment in cash to any individual agent when purchasing units; and
- Purchase of units will be processed upon clearance of amount invested and complete documentation received by the Manager.