Mashreq Al Islami Income Fund

Fund Details

Investment Objective 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 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
Distribution (Class “D” Shares) Annual distribution target of 5%
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
Valuation Each Business Day
Subscription and 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* No fee
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* No performance fee will be payable
Bloomberg Ticker BADISIN in respect of Class “B” Shares
BADISIC in respect of Class “C” Shares
BADISID in respect of Class “D” Income Shares
BADISDI UH in respect of Class “D” Accumulation Shares
BADIDUI UH in respect of Class “D” AED Income Shares
BADISDA UH in respect of Class “D” AED Accumulation Shares
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
*Please note with effect from 1st January 2018, all fees & charges mentioned above are subject to additional 5% Value Added Tax

Contact Number & Working Hours

  • Contact Number : +971 4 424 4618
  • Call Center Working Hours : Mon to Fri 8:30am - 5:00pm

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Office Address

Mashreq Capital (DIFC) Ltd
Al Fattan Currency House, Tower 1, Floor 1, Office 111
Dubai International Financial Centre (DIFC)
Post Box 1250, Dubai, UAE

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