Amanah Mutual Bhd (AMB), a wholly-owned subsidiary of Amanah Saham Nasional Bhd (ASNB), recently launched a 300-million unit Syariah-compliant fund. The fund called AMB Dana Aqeel Capital Protected.
The Shariah compliant close-ended fund will have a maturity period of three years and has a nominal value of 50 sen per unit.
The fund would invest a minimum of 85 per cent of its net asset value (NAV) in locally issued Islamic bond or sukuk to provide capital protection at maturity. The remaining 15 per cent of the fund’s NAV would be invested in a diversified portfolio of Shariah compliant equities for potential returns including cash equivalent instruments for liquidity of the fund.