Islamic Products

Mashreq Al Islami Income Fund

Fund Details

Fund Manager	Mashreq Capital (DIFC) Limited
Fund Type	Shariah Compliant Open Ended Fund
Domicile	DIFC, Dubai
Regulator	The Dubai Financial Services Authority (DFSA)
Currency	USD
Inception Date	June 9, 2009
Benchmark	Bloomberg Global Agg USD Sukuk Unh USD (Ticker I37338US)
Registrar and Transfer Agent	Apex Fund Services (Dubai) Ltd.
Custodian	Deutsche Bank
Auditor	Deloitte & Touche (M.E.)
Valuation date	The Valuation Date will be the close of business (UAE time) at each Business Day.
Dealing date (Subscription/Redemption)	Each Business Day
Notice Periods (Subscription/Redemption)	At least two Business Days prior to the desired Subscription /Redemption Date
Performance Fee	NIL
Subscription Fee	Up to 5% in respect of Class “MAIIF DA USD”, “MAIIF DA AED”, “MAIIF DI USD”,“MAIIF DI AED” Up to 2% in respect of Class “MAIIF BA USD” and “MAIIF CA USD” Shares
Redemption Fee	NIL
Redemption Fee	NIL
Redemption thresholds	Minimum redemption amount of USD 50 and AED 100

Share Class	Currency	ISIN	Type	Lipper ID	Bloomberg Ticker	*Minimum Subscription	*Additional Subscription	*Minimum Subscription	*Additional Subscription	Management Fee	Distribution Fee
Share Class	Currency	ISIN	Type	Lipper ID	Bloomberg Ticker	USD		AED		Management Fee	Distribution Fee
BA	USD	AEDFXA1T6467	Accumulation	68121746	BADISIN UH	500,000	100,000	-	-	0.75%	0.00%
CA	USD	AEDFXA1T6475	Accumulation	68602684	BADISIC UH	100	100	-	-	0.70%	0.00%
DA	USD	AEDFXA1W2ZD7	Accumulation	68222182	BADISDI UH	100	100	-	-	1.00%	0.50%
DA	AED	AEDFXA03C000	Accumulation	68583734	BADISDA UH	-	-	1,000	100	1.00%	0.50%
DI	USD	AEDFXA1T6483	Income	68200829	BADISID UH	100	100	-	-	1.00%	0.50%
DI	AED	AEDFXA03C018	Income	68583733	BADIDUI UH	-	-	1,000	100	1.00%	0.50%

Note

*Kindly be advised that effective from 1st January 2018, all of the baove mentioned fees and charges will be subject to an additional 5% Value Added Tax.
*Please be informed that our business days are Monday to Friday unless the UAE Ministry of Labour or the DIFC Authority announce that such a day will be a holiday in the DIFC and, in relation to a particular Sub-Fund, such other place or places as may be specified in the relevant Annexure

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

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