The investment objective of the Fund is to provide Shareholders with Shariah compliant fixed returns. The Fund will only invest in Shariah compliant fixed income securities approved by the Shariah Supervisory Board. The Funds return objective will be to achieve annual net returns above the market return as represented by a generally accepted index (e.g. JP Morgan Middle East Sukuk Index) over the life of the Fund
Mashreq Al-Islami Income Fund (B)
Latest Price NAV
USD
17.34
as of
12/Sep/23
Objective
Performance
3 Yrs Performance
-2.24
5 Yrs Performance
0.91
10 Yrs Performance
2.36
Top Holdings
1.
Saudi Electricity Co Sukuk
9.9
%
2.
GreenSaif Pipelines
8.9
%
3.
Republic of Indonesia Sukuk
8.7
%
4.
Investment Corp of Dubai Sukuk
8
%
5.
DP World Sukuk
6.9
%
Portfolio Composition
1.
United Arab Emirates
43.6
%
2.
Saudi Arabia
27
%
3.
Oman
10.4
%
4.
Indonesia
8.9
%
5.
Malaysia
5.6
%
6.
United States
2.9
%
7.
Cash
1.5
%
Transaction Information
Annual Charges
Minimum Charge :
N.A
Maximum Charge:
N.A
Actual Charge :
0.5
Initial Charges
Minimum Charge :
N.A
Maximum Charge :
N.A
Actual Charge :
2
Redemption Charges
Minimum Charge :
N.A
Maximum Charge:
N.A
Actual Charge :
N.A
Contact
Company Name:
Mashreq Capital DIFC Ltd
Website :
www.mashreqbank.com