UAE
Mashreq Capital

08/01/2019

Revamping The Distribution Share Class For Mashreq Al Islami Income Fund (Sukuk Fund)

Dear Investor, Mashreq Capital (DIFC) limited (‘Mashreq Capital’), the fund manager and investment manager of Mashreq Al Islami Income Fund (MAIIF) is proud to announce the revamp of its existing dividend paying share class. The Class 'D' Income Share class will target a quarterly income distribution of 1% and working towards an annual distribution of 4% starting January 1st 2019 onwards. The 1% target distribution will be paid within 20 business days of the preceding quarter. This will cement Mashreq Al Islami Income Fund’s position as a frontrunner of income distributing Shari’ah compliant Sukuk funds. Details on the share class are summarized below:
Share Class Details Currency ISIN/ Bloomberg Ticker Target Income Distribution (Quarterly)*
Class 'D' Income Shares USD AEDFXA1T6483/ BADISID 1%
Mashreq Al Islami Income Fund is an investment vehicle that provides investors with Shari’ah Compliant returns by investing in Shari’ah Compliant financial instruments. Recognized as a pioneer in the space of Shariah compliant global Sukuk funds, Mashreq Al Islami Income Fund has the longest track record among its peers dating back to 2009. The fund has been ranked consistently as a top performer amongst funds following a similar investment strategy. The fund is supervised by a Shari’ah Supervisory Board which consists of globally renowned and esteemed Shari’ah scholars. These top scholars are experts in the field of Islamic financial jurisprudence and serve on boards of reputable Islamic financial institutions around the world. Regards, Mashreq Capital (DIFC) Limited
UAE
Mashreq Capital

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