Lotus Halal Fixed Income Fund (FIF)
What is the Lotus Halal Fixed Income Fund?
The Lotus Halal Fixed Income Fund is an open-ended mutual fund that invests in Shariah compliant fixed income instruments. The Fund is specifically designed for ethical investors with a low risk appetite.
The Lotus FIF invests in fixed income instruments such as Sukuk (non-interest bonds) and fixed return contracts such as Ijarah (lease) and Murabaha (cost-plus) contracts. The Fund does not invest in equities or interest-bearing securities like treasury bills or conventional term deposits.
Key Features:
- Acts as both savings and investment account
- Low Risk Product
- Short–Medium Term Outlook
- Quarterly Distribution
- Capital Preservation
- No exposure to shares/equities
- Competitive Returns
Aims to provide attractive returns comparable to conventional fixed income investments.
Aims to pay out 80% of profit to investors on a quarterly basis, which will allow investors meet their income needs
Investors can enter and exit the Fund every business day
The Fund is certified annually for Shari’ah compliance and is excellent for investors with faith-based or ethical preferences.
