Mashreq Al Islami Income Fund
Net Asset Value Per Share
| Date | NAV | Value | Percentage change | YTD return |
| 31 Aug 2010 | MAIIF | 11.2191 | 0.34% | 6.07% |
Fund Details
| Investment Objective | The Fund's objective is to achieve average annual returns of 5-7% per annum over the life of the Fund. The Fund invests primarily in Sukuk and other fixed income Shariah compliant assets. |
| Fund Operator and Investment Manager | Mashreq Capital (DIFC) Ltd. * |
| Fund Type | Shariah Compliant open ended Fund. |
| Domicile | DIFC, Dubai |
| Regulator | Dubai Financial Services Authority (DFSA) |
| Currency | USD |
| Minimum Subscription | USD 10,000; any additional investments in increments of USD 1000 |
| Eligibility | Open to Professional Clients as defined by the DFSA Rules. This may include high net worth individuals, sophisticated investors, corporates and financial institutions. ** |
| Administrator and Custodian | Deutsche Bank |
| Registrar | Deutsche Bank |
| Valuation | Each Tuesday |
| Subscription and Redemption | Each Wednesday |
| Notice Periods | 3 business days |
| Subscription Fee | 2.0% |
| Redemption Fee | No fee; has a lock in period of three months |
| Management Fee | 0.5% p.a. |
| Performance Fee | No performance fee will be payable |
| Bloomberg Ticker | BADISIN |
| Zawya Code | MAKBIIF.MF |
* Mashreq Capital (DIFC) Ltd. Is regulated by the DFSA
** Open to the category of Professional Clients only as defined by the DFSA Rules and hence not intended for any other persons. For further details on client categories, please consult the DFSA Rules at www.dfsa.ae