Islamic Products

Our Islamic fund provides our investors in the MENA region with superior exposure to Shari’ah compliant fixed income securities.

Fund Objective

The investment objective of the Mashreq Al-Islami Income Fund (Sukuk Fund) is to provide Shareholders with Shariah compliant Smooth returns. The Fund will only invest in Shariah compliant fixed income securities approved by the Shariah Supervisory Board. The Fund’s 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.

Fund Details

Benchmark	J.P. Morgan MECI Sukuk Index (Bloomberg Ticker JCADSUTR Index) effective January 2018
Fund and Investment Manager	Mashreq Capital (DIFC) Ltd.
Fund Type	Shariah Compliant open ended Fund.
Domicile	DIFC, Dubai
Regulator of Fund Manager	Dubai Financial Services Authority (DFSA)
Currency	USD
Minimum Subscription	The minimum initial subscription and holding amount is: USD 500,000 in respect of the Class “B”. Additional subscriptions may be made in increments of USD 100,000. USD 1 in respect of the Class “C”. Additional subscriptions may be made in increments of USD 1. USD 1 in respect of the Class “D Accumulation” and Class “D Income” Share. Additional subscriptions may be made in increments of USD 1. AED 1,000 in respect of the Class “D AED Accumulation” and Class “D AED Income” Share. Additional subscriptions may be made in increments of AED 100.
Administrator and Registrar	Apex Fund Services (Dubai) Ltd.
Custodian	Deutsche Bank
Auditor	Deloitte & Touche (ME)
Valuation Day	Each Business Day
Dealing Day (Subscription/Redemption)	Each Business Day
Notice Periods	2 Business Days
Subscription Fee*	Up to 2.0% in respect of Class “B” and “C” Shares Up to 5.0% in respect of Class “D” and “D AED” Shares
Redemption Fee*	None
Distribution Fee*	0.5% p.a. in respect of Class “D” and “D AED” Shares
Management Fee*	0.75% p.a.in respect of Class “B” Shares 0.70% p.a. in respect of Class “C” Shares 1.00% p.a. in respect of Class “D” and “D AED” Shares
Performance Fee*	NIL
Bloomberg Tickers	B USD Shares BADISIN UH C USD Shares BADISIC UH DA USD Shares BADISDI UH DA AED Shares BADISDA UH D AED Shares BADIDUI UH D USD Shares BADISID UH
ISIN	AEDFXA1T6467 in respect of Class “B” Shares AEDFXA1T6475 in respect of Class “C” Shares AEDFXA1T6483 in respect of Class “D” Income Shares AEDFXA1W2ZD7 in respect of Class “D” Accumulation Shares AEDFXA03C018 in respect of Class “D” AED Income Shares AEDFXA03C000 in respect of Class “D” AED Accumulation Shares
Zawya Code	MAKBIIF.IF
Lipper ID	68121746 in respect of Class “B” Shares 68602684 in respect of Class “C” Shares 68200829 in respect of Class “D” Income Shares 68222182 in respect of Class “D” Accumulation Shares 68583733 in respect of Class “D” AED Income Shares 68583734 in respect of Class “D” AED Accumulation Shares