Information on the selected benchmark can be obtained from Bank Islam’s website.
Note: Investors are advised that the actual portfolio of the Fund at any given time may consist of combination of Islamic deposits, Islamic money market instruments and Sukuk of varying tenure and credit rating. Investors are to note that the risk profile of the Fund’s portfolio may be higher than the risk profile of the benchmark.
199301021508 (276246-X)
Investment Objective
The Fund seeks to provide a regular* stream of income by investing in shortterm Sukuk, Islamic money market instruments and placement in short-term Islamic deposits.
*Note: The Fund shall distribute income (if any) on a monthly basis. The distribution of income will automatically be reinvested. Hence, Unit Holders will receive additional Units from the reinvestment of income distribution.
Any material change to the investment objective of the Fund would require Unit Holders’ approval.
Asset Allocation
Investor's Profile
Suitable for investors who:
- Are conservative in nature.
- Prefer regular* income streams.
- Seek reasonable returns that commensurate with the low-risk investments.
- Prefer a short-term investment horizon. • Wish to temporarily liquidate or reduce exposure in equities.
Specific Risks Associated with the Fund
- Profit Rate Risk
- Counterparty Risk
- Default Risk
Investment Policy and Strategy
The Fund is a money market fund that is actively managed to provide a regular* stream of income. Consequently, the investments of the Fund are largely confined to placement of Shariah-compliant short-term deposit instruments with financial institutions, short-term Sukuk issued by the Malaysian Government, Government-backed agencies, BNM and/or Malaysian Corporations which carry a minimum credit rating of AA3 by RAM or AA- by MARC or equivalent credit rating by recognised credit rating agencies and money market instruments, including Shariah-compliant accepted bills, banker’s acceptance, certificates of deposits, commercial paper of companies carrying a minimum short-term credit rating of P1 by RAM or MARC-1 by MARC or any equivalent credit rating by recognised credit rating agency.
The Fund shall distribute income* (if any) on a monthly basis.
Distribution Policy
The Fund shall distribute income* (if any) on a monthly basis.
*Note: For R-Class, the amount of distribution declared will automatically be reinvested. For I-Class, the amount of distribution declared after deducting the withholding tax will automatically be reinvested. Hence, Unit Holders will receive additional Units from the reinvestment of income distribution.