Category of Fund

Wholesale Islamic Money Market Fund

Type of Fund

Income

Investment Objective

The Fund seeks to provide liquidity* and regular income stream** whilst maintaining capital stability*** by investing in Islamic money market instruments.

Note:
*liquidity refers to T or T+1 whereby T is the Business Day where a request/application to redeem is received by the Manager before the cut-off time of 10.30am.
** Income will be in the form of cash or Units.
*** The Fund is not a capital guaranteed fund or a capital protected fund.

Investment Policy and Strategy

The Fund seeks to achieve its objective by investing at least 90% of the Fund’s NAV in short-term money market instruments.

Up to 10% of the Fund’s NAV may be invested in permitted investments which have a remaining maturity period of more than 365 days but less than 732 days.

The investment policy is to invest in liquid short-term investments with a capital preservation. The Fund will also be actively managed to provide liquidity.

Any investment decision will be made to achieve the maximum returns to the Fund after considering the risk involved.

Asset Allocation

The Fund may invest;

  • at least 90% of its NAV in short-term money market instruments; and
  • up to 10% of its NAV in permitted investments which have a remaining maturity period of more than 365 days but less than 732 days.

Benchmark

The benchmark for the Fund is based on the 1-month Term Deposit-i (Tawarruq) of Bank Islam Malaysia Berhad after corporate

Specific Risks Associated with the Fund

  • Profit Rate Risk
  • Credit/Default Risk

Investor Profile

The Fund is for Sophisticated Investors who are favoring regular income stream* and capital stability**:

*Income will be in the form of cash or Units.
**The Fund is not a capital guaranteed fund or a capital protected fund.

Investor Risk Profile

Low

Distribution Policy

The Fund will distribute income at least once a month, subject to availability of income.

Commencement Date

27 December 2011

Manager

BIMB Investment Management Berhad

Financial Year End

31 December

Trustee

AmanahRaya Trustees Berhad
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