The Fund is a wholesale fund issued by Principal Islamic Malaysia. The Fund aims to provide total return of investments through potential income and capital appreciation over medium to long-term by investing primarily in MYR denominated Islamic fixed income securities that comply with the Shariah principles.
Fund is suitable for investors who:
- are a Sophisticated Investor;
- have a medium to long term investment horizon; and
- want an investment primarily in Ringgit denominated Islamic fixed income securities that comply with Shariah principles.
3 Fund Classes available
The Fund seeks to provide income by long term yield-oriented indirect investments in apartment buildings in the USA, through Murabahah transactions (on the basis of Wakalah), catered to the middle-income working-class population, while conforming to Shariah principles.
The Fund will invest up to 100% of its NAV indirectly in the Real Estate Portfolio through commodity Murabahah transactions (on the basis of Wakalah).
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As of current market close