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.