Income Distribution Policy
Subject to availability of income, income distribution will be made monthly.
The income of the Fund is computed based on the net realized income of the Fund at each month end. 50% of the Fund’s monthly income distribution, if any, will be disbursed as Wakaf Asset. In the case where there is no net realized income for a particular month, no Wakaf Asset will be disbursed accordingly.
For the above purpose, by investing in the Fund, Unit Holder agrees to appoint AIBIM (or any other institution or organisations as nominated by the Manager in accordance with the SC Guidelines) to distribute the Wakaf Asset to identified Wakaf projects under myWakaf initiative.
Investment Policy and Strategy
The Fund shall invest in a broadly diversified portfolio of Shariah-compliant equities, Shariah-compliant equity-related securities, Islamic fixed income instruments, Islamic money market instruments and Islamic deposits. The Fund’s investments into the various asset classes may range between 10% to 90% of the Fund’s NAV.
Specific Risks Associated with Investing in the Fund
- Stock Specific Risk
- Country Risk
- Currency Risk
- Hedging Risk
- OTC Counterparty Risk
- Political Risk
- Regulatory Risk
- Tactical Asset Allocation Risk
- Shariah-Compliant Warrant Risk
- Islamic REITs Risk
- Credit and default risk
- Rate of Return
- Profit Rate Risk
- Related Party Transaction Risk
- Counterparty Risk
- Islamic CIS Risk
- Shariah-Compliant Equity-related Securities Risk
- SRI Investments Risk
- Sustainability Risk
- Shariah Status Reclassification Risk
The Fund is primarily suitable for investors:
- seeking income over medium to long term period;
- with moderate to high risk tolerance;
- with medium to long term investment horizon; and
- who are contributing part of their investment return towards Wakaf.
10%-90% of NAV of the Fund - Shariah-compliant equities and Shariah-compliant equityrelated securities
10%-90% of NAV of the Fund - Islamic fixed income instruments, Islamic money market instruments and Islamic deposits
The Fund aims to facilitate investor who wish to channel a part of their investment returns for Wakaf purpose.
The Fund aims to generate income through a diversified portfolio of Shariah-compliant investments across different asset classes both locally and globally.
Any material changes to the Fund’s investment objective would require Unit Holders’ approval.