• Are conservative in nature in terms of investment;
• Prefer a consistent, reasonable and stable level of return on their investment;
• Prefer a lower level of investment risk;
• Have a short term investment horizon.

Type of Fund: Islamic Income Fund
Category: Islamic Money Market Fund

Investment Objective
To provide a regular stream of income by investing primarily in Islamic money market instruments and other fixed securities, which comply with Shariah requirements.

Asset Allocation
To invest at least 90% of the Fund's NAV in a diversified portfolio of short-term Islamic money market instruments and having a remaining maturity period of up to 365 days. The Fund may also invest up to 10% of its NAV in Islamic debt instruments with longer remaining maturity period, which is more than 365 days but does not exceed 732 days.

Investment Strategy
The Fund Manager will decide which instrument or security to buy based primarily on their yield, relative to their credit quality and the period to maturity.

Investment Risks
Credit/Default risk, Liquidity risk, Issuer risk, Interest Rate risk and Reclassification of Shariah Status risk.

Distribution Policy
The distribution policy of the Fund is to declare income distribution to the respective Unit holders on a monthly basis by way of reinvestment in the form of additional units.