Thursday, 19 September 2019, 19 Muharam 1441H Solat Time:

BIMB Dana Al-Fakhim


Fund ManagerBIMB Investment Management Berhad
Fund Category/ TypeMoney Market/ Income
TrusteeABB Trustee Berhad
Investment ObjectiveThe Fund seeks to provide a regular* stream of income by investing in Shariah-compliant short-term debentures, money market instruments and placement in short-term deposits.
Note:
*The Fund shall distribute income (if any) on a quarterly basis. The distribution of income will automatically be reinvested. Hence, Unit Holders will receive additional Units from the reinvestment of income distribution.
Any material changes to the investment objective would require Unit Holders’ approval.
Investment Policies & StrategyThe Fund is a money market fund that is actively managed to provide regular* income stream to Unit Holders. The investments of the Fund are largely confined to placement of Shariah-compliant short-term deposit instruments with financial institutions, short-term Sukuk issued by the Malaysian government, government-backed agencies, Bank Negara Malaysia (BNM), Malaysian corporations and money market instruments. Short-term Sukuk issued by Malaysian corporations must carry a minimum credit rating of AA3 by RAM or AA- by MARC or its equivalent by any other recognised credit rating agencies. The Fund’s investment in money market instruments may include Shariah-compliant accepted bills, banker’s acceptance, certificates of deposits and commercial paper of companies carrying a minimum short-term credit rating of P1 by RAM or MARC-1 by MARC or its equivalent by any other recognised credit rating agency.
Note:
*The Fund shall distribute income (if any) on a quarterly basis. The distribution of income will automatically be reinvested. Hence, Unit Holders will receive additional Units from the reinvestment of income distribution.
Asset AllocationThe Fund’s property should only consist of permitted investments.
Permitted investments of the Fund are Shariah-compliant:

  1. short-term debentures;
  2. money market instruments; and
  3. placement in short-term deposits.
The value of the Fund’s investments in permitted investments must not be less than 90% of the Fund’s NAV. The value of the Fund’s investments in permitted investments which have a remaining maturity period of not more than 365 days must not be less than 90% of the Fund’s NAV. The value of the Fund’s investments in permitted investments which have a remaining maturity period of more than 365 days but fewer than 732 days must not exceed 10% of the Fund’s NAV.
Investor ProfileSuitable for investors who:

  • Are conservative in nature.
  • Prefer regular* income streams.
  • Seek reasonable returns that commensurate with the low risks investments.
  • Prefer a short-term investment horizon.
  • Wish to temporarily liquidate or reduce exposure in equities.
Note:
*The Fund shall distribute income (if any) on a quarterly basis. The distribution of income will automatically be reinvested. Hence, Unit Holders will receive additional Units from the reinvestment of income distribution.
Date Launched27 December 2001
Financial Year End31 August
Investor Risk ProfileLow
Distribution PolicyThe Fund shall distribute income* (if any) on a quarterly basis.
Note:
*The distribution of income will automatically be reinvested. Hence, Unit Holders will receive additional Units from the reinvestment of income distribution.
Minimum Initial InvestmentRM1,000
Minimum Additional InvestmentRM100
Investment OptionsLump Sum / Regular Savings
Cooling-off PeriodA Cooling-off period of six (6) Business Days is accorded to an investor who is investing with BIMB Invest for the first time.
Minimum Holdings1,000 units
Fees
Sales Charge per UnitNil
Repurchase ChargeThe Manager does not intend to impose any repurchase charge on any repurchase transaction done by the Unit Holders.
Switching Charge per Unit
a. 1st Time

Nil

b. 2nd Time onwardsRM25 per transaction (switching fee is exempted for investors having a total investment with BIMB Invest of RM100,000 and above)
Annual Management Fee0.5% of the NAV of the Fund
Annual Trustee Fee0.02% of the NAV of the Fund

For more details, please visit our nearest Bank Islam branches or call BIMB Investment Management Berhad Toll Free Number at 1-800-88-1196.

INVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THE MASTER PROSPECTUS THAT IS AVAILABLE AT BANK ISLAM BRANCHES. IF IN DOUBT, PLEASE CONSULT A PROFESSIONAL ADVISER.

 

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