| Investment Objective |
To provide Members with a Islamic Fund that preserves# capital for their retirement needs.
#The Fund is not a capital guaranteed nor a capital protected fund.
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| Fund Category | Islamic Core (Conservative) – Mixed Asset | |
| Investment Strategy |
To provide Members with an Islamic fund that facilitates preservation of capital for their retirement
needs, the Fund will be investing primarily in local and foreign Islamic fixed income instruments
(including Islamic money market instruments) as listed in the permitted investments section 5.11
below, which will be at a minimum of 60% of the Fund’s NAV. The Provider will mainly focus on investments
in Islamic fixed income instruments with a minimum of BBB3/P2 ratings by RAM or equivalent rating by
other credit rating agencies.
The Provider may also invest in Islamic fixed income instruments that are unrated (subject to the Provider’s internal credit analysis) and Islamic fixed income instruments that are rated below the BBB3/P2 ratings by RAM or equivalent rating by other credit rating agencies. To manage the risks posed by these types of Islamic fixed income instruments, the exposures will be capped at 5% of the Fund’s NAV. The Fund may invest in Islamic derivatives, such as Islamic index futures, Islamic foreign exchange forward contracts and Islamic cross currency swaps for hedging purposes. To enhance returns, the Fund may invest in dividend paying Shariah-compliant equities. Exposure in Shariah-compliant equities will be capped at a maximum of 40% of the Fund’s NAV and will include investments in Foreign Markets to increase the Fund’s investment and diversification opportunities. The Fund may also invest in Islamic collective investment schemes that have similar investment objectives to the Fund.
#The Fund is not a capital guaranteed nor a capital protected fund.
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| Asset Allocation |
Equities and equity- linked instruments | Minimum of 0% to maximum of 40% of the NAV of the Fund |
| Fixed income instruments (including money market instruments) | Minimum of 60% to maximum of 100% of the NAV of the Fund . | |
| Performance Benchmark |
10% MSCI AC World Islamic Index 5% MSCI AC Asia ex Japan Islamic Index 5% FTSE Bursa Malaysia EMAS Shariah Index 80% Maybank 12-Month General Investment Account (GIA) Rate |
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| Member Profile |
Age group of fifty five (55) years old and above if contribute under Default Option.
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| Risks Disclosure |
Credit/default risk, Profit rate risk, Counterparty risk, Currency risk, Country risk, Shariah-compliant equity investment risk, Shariah-compliant equity-linked instruments investment risk, Islamic collective investment scheme risk, Reclassification of Shariah status risk, Islamic derivatives risk | |