The Sub-Fund aims to provide professional, institutional and high net worth investors with a professionally managed means of participating in Sharis compliant liquid assets. The primary investment objective of the Sub-Fund is to achieve a higher profit return than traditional Shari’s compliant bank deposits of similar liquidity, predominantly from a diversified portfolio of Shari’s compliant money market instruments including the use of collectives investing in such instruments. The Sub-Fund will seek over time to acquire a diversified portfolio, including but not limited to, instruments such as (or schemes investing in) Islamic deposits, Murabaha, Wakala, Sukuk and international trade contracts approved by the Sharis Board.
Emirates Islamic Money Market USD A Acc
Latest Price NAV
USD
11.69
as of
13/Sep/23
Objective
Key Facts
Launch Date :
16/Jun/10
Asset Type :
Money MarketBase Currency :
US DollarTotal Net Asset (USD M) :
291.22
Benchmark :
Index is not available on Lipper Database
Dividend Type :
N.A
Income Distribution :
Retained
Total Expense Ratio % :
N.A
Geographical Focus :
United Arab Emirates
Shariah Compliant
Shariah
Performance
3 Yrs Performance
1.50
5 Yrs Performance
1.66
10 Yrs Performance
1.16
Top Holdings
1.
AED CASH
27.66
%
2.
EMIRATES NBD WAKALA
15.81
%
3.
DUBAI ISLAMIC BANK FRN
14.46
%
4.
COMMERCIAL BANK OF DUBAI PSC FRN
14.4
%
5.
ABU DHABI COMMERCIAL BANK
9.81
%
6.
USD CASH
7.15
%
7.
COMMERCIAL INV BANK FRN
5.34
%
8.
AHB SUKUK COMPANY LTD 4.375% 19-SEP-2023
4.02
%
9.
SAUDI ELECTRICITY GLOBAL SUKUK COMPANY 4 4.222% 27
1.35
%
10.
EUR CASH
Portfolio Composition
1.
UNITED ARAB EMIRATES
27.66
%
2.
UNITED STATES
7.15
%
3.
CAYMAN ISLANDS
5.37
%
Transaction Information
Annual Charges
Minimum Charge :
N.A
Maximum Charge:
N.A
Actual Charge :
0.5
Initial Charges
Minimum Charge :
N.A
Maximum Charge :
1
Actual Charge :
N.A
Redemption Charges
Minimum Charge :
N.A
Maximum Charge:
N.A
Actual Charge :
N.A
Contact
Company Name:
Emirates NBD
Website :
www.emiratesnbd.com