Mashreq Al Islami Income Fund

Net Asset Value Per Share


Date Fund NAV Value (US$) Percentage change YTD return
18-Apr-17 MAIIF-B Class 16.4795 0.18% 2.53%
18-Apr-17 MAIIF-DI Class 10.1454 0.18% 2.23%
18-Apr-17 MAIIF-DA Class 11.2176 0.18% 2.23%

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 in respect of Class 'B' Shares
USD 3,000; any additional investments in increments of USD 500 in respect of Class 'D' Shares
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 2.0% in respect of Class 'B' Shares
Up to 5% in respect of Class 'D' Shares
Redemption Fee No fee
Management Fee 0.5% p.a. in respect of Class 'B' Shares
1.0% p.a in respect of 'Class D' Shares
Performance Fee No performance fee will be payable
Distribution Fee 0.5% p.a in respect of Class 'D' Shares
Bloomberg Ticker BADISIN in respect of Class 'B' Shares
BADISID in respect of Class 'D' Income Shares
BADISDI UH in respect of Class 'D' Accumulation Shares
ISIN AEDFXA1T6467 in respect of Class 'B' Shares
AEDFXA1T6483 in respect of Class 'D' Income Shares
AEDFXA1W2ZD7 in respect of Class 'D' Accumulation Shares
AEDFXA1W28B8 in respect of Class 'BS' Shares
Zawya Code MAKBIIF.IF
Lipper ID 68121746 in respect of Class 'B' Shares
68200829 in respect of Class 'D' Income Shares
68222182 in respect of Class 'D' Accumulation Shares