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JS Islamic Daily Dividend Fund (JSIDDF)

Investment Objective:

The Objective of the Fund is to meet liquidity needs of the investors by providing daily dividend through investment in Shariah Compliant money market instruments.

What is JSIDDF?

JS Islamic Daily Dividend Fund (JSIDDF) is an Open-ended Shariah Compliant Money Market Scheme which primarily invests in Shariah Compliant Authorized Investments. The Fund will make daily payout to the unit holders, which will be re-invested, net of applicable taxes / fees / charges.

Why should you invest in JSIDDF?

If you are looking for a Shariah Compliant secure and stable returns, with very low risk, and flexibility to access your money at any time, then JSIDDF is an ideal option for you.

Term Sheet JS Islamic Daily Dividend Fund (JSIDDF)
Launch Date 03 September, 2020
Fund Type Open End Shariah Complaint Money Market Scheme
Currency PKR
Minimum Investment 10,000
Pricing Mechanism Backward
Front End Load 1%
Management Fee 0.15% of Average Annual Net Assets
Risk Profile Very Low
Shariah Advisor Al-Hilal Shariah Advisors
Trustee MCB Financial Services Limited
Auditor M/s. EY Ford Rhodes
Benchmark Three (3) months average deposits rates of three (3) AA rated Islamic Banks or Islamic windows of conventional Banks as selected by MUFAP

5 years performance

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