To achieve reasonable returns in both income and capital growth over a medium to long term period by investing in a wide portfolio of authorised securities and other investments which complies with Shariah principles.
1 August 2007
Investors who seek potentially higher returns and are willing to accept greater fluctuations in value; or
Investors who want diversification from other asset classes such as Islamic deposits or sukuk/Islamic debentures; or
Investors with a medium to long-term investment horizon
To invest a majority of the assets in Shariah-compliant equities with a focus on those that exhibit above-average earnings growth, has a leading competitive position and show potential for delivering superior returns while staying true to Shariah requirements.
In addition, the Fund may potentially invest in Shariah-compliant stocks that are currently not paying dividends but offer prospect of future income or capital appreciation.
To this end, the Fund will be actively traded and the Manager will actively seek to add value by selectively over/under-weighting benchmark components to achieve relative out-performance.
70% to 97% of the Fund’s NAV in Shariah-compliant equities
Minimum of 3% of the Fund’s NAV in Islamic liquid assets
Minimum Initial Investment
Minimum Additional Investment
FEES & CHARGES
Sales Charge per Unit
Up to 5.5% NAV per Unit
Annual Management Fee
Up to 1.50% per annum of NAV
Trustee Fee / Custodian fee
Up to 0.08% per annum of NAV, subject to a minimum of RM18,000 per annum
Unit Holders may switch Units of the Fund to other Funds managed by the Manager, and vice versa. The Manager does not impose any administrative fee for switching. However, since switching is treated as withdrawal from one Fund and an investment into another Fund, the Unit Holders will have to pay the difference (if any) between the Sales Charge of these two Funds.