Aiiman Income Extra Fund
The Fund is an open-ended Shariah-compliant wholesale fixed income fund, which aims to provide investors with a steady income stream by investing in Sukuk, Islamic money market instruments and/or Islamic deposits. The Fund is designed for Sophisticated Investors who have a short to medium term investment horizon and have a low risk tolerance.
|Fund Category||Shariah-compliant Wholesale Fixed Income (Open-ended)|
|Launch Date||7 October 2019|
|Investors’ Profile||This Fund is suitable for you if you:
|Investment Strategy||The Manager will endeavour to achieve the Fund’s objective by investing a minimum of 70% of the Fund’s NAV in Sukuk, Islamic money market instruments and/or Islamic deposits and a maximum of 30% of the Fund’s NAV in cash.
|Distribution Policy||Subject to the availability of income, the Fund will make distribution to the Unit Holders on quarterly basis.|
|Minimum Initial Investment||MYR 100,000|
|Minimum Additional Investment||MYR 10,000|
|Minimum Units Held||10,000 Units|
|Annual Management Fee||Up to 0.50% per annum of the NAV of the Fund.|
|Annual Trustee Fee||Up to 0.035% per annum of the NAV of the Fund.|