The Capitaltrust Halal Fixed Income Fund (the Fund) is an open-ended unit trust scheme constituted under a Trust Deed. Our Halal fund invests only in Shariah compliant fixed income securities, such as sovereign and sub- sovereign sukuks, corporate sukuks, leasing and trading contracts- not in any interest-based securities such as conventional treasury bills or bonds.
Download Our Halal Fact SheetThe CapitalTrust Halal Fixed Income Fund targets investors who seek exposure to Shari’ah compliant investment opportunities but have low risk appetite and do not want exposure to the risks associated with equity investments.
As all investment capital are preserved, our investors can choose to redeem all or part of their investment by selling their units to Fund Managers.
Investing in the Fund will provide investors with competitive returns and a regular income stream from distributed profits.
Our mutual mitigate investment risk by investing across a diverse range of assets thus avoiding concentration risk.
Investment by the funds will be made in a transparent, Shari’ah-compliant fixed income securities and investment products.
Highly reputable scholars with deep knowledge and experience in Islamic Finance and Fund man- agement.
We aim to pay out 80% of profit to investors on a quarterly basis, which will allow investors meet their income needs
TThe members of our Shari’ah Advisory Board are Islamic scholars, well versed in Islamic laws, principles, and traditions relating to trade, finance, and economics.
Profile
Dr. Said a researcher at International Shari’ah Research Academy for Islamic Finance (ISRA) and a Lecturer at International Centre for Education in Islamic Finance (INCEIF). He is Registered Independent Foreign Shariah Adviser with Securities Commission of Malaysia (SC).
Profile
Dr. Dogarawa is a Senior Lecturer with the Department of Accounting, Ahmadu Bello University, Zaria, Nigeria.He has published more than 25 articles in refereed academic journals, presented over 50 papers at various conferences and published over 6 Islamic books.
Profile
Mufti Faraz is a well-known UK-based Islamic Finance & Fintech consultant and heads the global Shariah advisory firm Amanah Advisors. He is advising several global Islamic financial institutions spread across the UK, US, Canada, Malaysia, Singapore, UAE and other countries.
Below are some of the most commonly and frequently asked questions we regularly get from some of our potential investors.
A: This is an open-ended mutual fund that offers prospective investors the opportunity to invest in Shari’ah-compliant fixed income securities and investment products. Thus, the Fund affords investors the opportunity to earn competitive returns while avoiding exposure to the risks asso- ciated with equity investments
A: The Capitaltrust Halal Fixed Income Fund is different from other fixed income funds as it will invest in only Shariah compliant fixed income securities, such as sovereign and sub- sovereign sukuks, corporate sukuks, leasing and trading contracts. It will not invest in any interest-based securities such as conventional treasury bills or bonds, neither will it invest in any areas that are impermissible under the Shariah.
A: Yes, it is. “Fixed income” refers to any investment that pays periodic, often determined, returns over time. For example, when a landlord leases a property to a tenant, the landlord receives “fixed income” from the tenant. When you buy machinery on credit from a supplier with the intention to pay the cost in instalments, the amount owed is “fixed income” to the supplier.These types of fixed income are different from conventional interest-based Investment.
A: The minimum initial amount is N20,000 representing 20 units at N1,000 per unit.
Vehicle Open-ended Fund Base currency (₦) Fixed Income criteria Non-Interest bearing Minimum Investment N20,000 Minimum holding period 90 Days Income distribution Quarterly Fund classification Shariah Compliant Annual management fee 1.5% of Net Asset Value (NAV) Risk profile Low-Medium transactions and are considered permissible by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
Our Shariah advisers also certify the Fund’s compliance with Shariah laws.
A: Our Shariah Advisory Council (“SAC”) com- prised of renowned Islamic scholars with local and international experience will oversee the investment activities of the Fund. The SAC will issue a certificate of compliance on the Fund annually.
A: There are penal charges for withdrawals completed before the initial 90days lock-up period. A charge of 15% will apply on the profit accrued on the principal investment.
A: The Fund is an open-end collective investment scheme with no fixed tenor. Investors can subscribe and redeem from the Fund on a daily basis after an initial lock-up period of 90days. A pre-liquidation charge of 15% will apply on the profit accrued on the principal investment.
A: The bid and offer price are based on value of the assets in this Fund and it is published on a daily basis. The offer price is the value of one unit of the Fund. This price applies when investors are investing in the Fund.
For example, if you invest ₦20,000 in the fund at an offer price of 1,000 per unit, you will receive 20 units in the fund. (₦20,000 ÷ 1000 per unit = 20 units). The bid price is the value of one unit of the Fund. This price applies when investors are redeeming from the Fund. For example, if you liquidate your investment by selling 10 units of the fund at a bid price of 1,020 per unit, you will receive ₦10,200 (10units x ₦1,020 per unit = ₦10,200).
A: Management fee is 1.50% p.a. of the Net Asset Value (“NAV”) while the Total Expense Ratio for the Fund would not exceed c.3.50% p.a of NAV.
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