The Fund shall invest in Shariah-based deposits, General Investment Accounts and Islamic Negotiable Instruments to generate consistent income stream while preserving capital and maintaining liquidity to meet investors’ cash flow requirements. The combination of these instruments may allow the Manager to obtain higher returns over a one year investment horizon compared to merely placing monies in Shariah-based deposit placements.
The Fund is suitable for Qualified Investors, who are looking for a secure and diversified home for their cash position, where safety, liquidity and returns are the main concerns.
The fund targets to return an excess of 30-50bps above the BNM Islamic Interbank Overnight Rate.
The fund is highly liquid and has a redemption period of T+1.
The Fund shall mainly invest in Islamic money market instruments and sukuk of varying maturities, liquidity and yields. By having multiple Islamic money market instruments and sukuk as compared to purely keeping the investments in Shariah-based deposits, the Manager is able to potentially obtain higher yields over a period of time.
The Fund is suitable for Qualified Investors, who are generally conservative, risk averse and prefer a short-term investment that complies with Shariah requirements.
The Fund targets to return an excess of 30-50bps above the 12-Month Malayan Banking Berhad General Investment Rate.
The fund is liquid and has a redemption period of T+3.
Income on Islamic Money Market and Sukuk are tax free.
The Information Memorandum (“IM”) and Product Highlight Sheet (“PHS”) for the relevant wholesale fund on this website are made available for information purposes only. A copy of the IM and PHS have been lodged with the Securities Commission Malaysia (“SC”). The SC will not be liable for any non-disclosure on the part of NIAM; and takes no responsibility for the contents of the IM and/or PHS; makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from, or in reliance upon the whole or any part of its contents. Investors are advised to read and understand the contents of the relevant IM and PHS before investing. Amongst other matters, investors should ensure that they fully understand the risks, fees and charges involved. If in doubt, investors are advised to seek independent professional advice. Investors should note that the price of units and distributions payable, if any, may go down as well as up and that past performance of the target fund is not an indication of its future performance. Units of the fund may only be sold to sophisticated investors as prescribed under the SC’s guidelines. Any issue of units to which the IM relates will only be made on receipt of an application form referred to and accompanying a copy of the IM.