MIDF Amanah Shariah Money Market Fund is a mutual fund that aims to provide investors with a regular income stream over the short to medium period. This fund complies with Shariah requirements and maintains capital stability. The Fund will invest in Islamic money market instruments and other short-term Islamic debt instruments.
This Fund is suitable for Investors who seek regular income that complies with Shariah requirements with capital stability that has short to medium-term investment horizon; and has low risk tolerance. The Fund will invest at least 90% of its NAV in Shariah-based deposits, Islamic money market instruments or Islamic short-term debt instruments, all of which have a remaining maturity period of not more than 365 days. Up to 10% of the Fund’s NAV will be invested in Islamic short-term debt instruments which have a remaining maturity period of more than 365 days but less than 732 days.