MIDF Amanah Shariah Money Market Fund.

MASMMF seeks to provide investors with a regular income stream* over the short to medium term that complies with Shariah requirements whilst maintaining capital stability.

Note: *In the absence of written instructions to the contrary from a Unit Holder, any income distribution will be reinvested in MASMMF. Any material changes to the investment objective of MASMMF would require the Unit Holders’ approval.

MASMMF is suitable for investors who:

• Seek regular income* that complies with Shariah requirements with capital stability.
• Have short-term to medium-term investment horizon.
• Have low risk tolerance.

Note: *In the absence of written instructions to the contrary from a Unit Holder, any income distribution will be reinvested in the Fund.

MASMMF will invest in Islamic money market instruments and other short-term Islamic debt instruments.

MASMMF will invest at least 90% of its NAV in Islamic 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 MASMMF’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.

The minimum credit rating of Islamic money market instruments and Islamic short-term debt instruments that the Fund shall invest in is at least BBB for long-term instruments or P2 for short-term papers. Should the ratings be downgraded below the stated minimum credit rating, the Manager shall dispose off the instruments/papers within a reasonable time frame taking into consideration of market condition and factors at that point of time.

MASMMF will be actively managed. However, the frequency of its trading will depend on market opportunities.

The Manager will utilise asset allocation to mitigate the overall investment risk to MASMMF Asset allocation allows for strategic switching of assets to protect the overall value of MASMMF when necessary. For long-term instruments and short-term Islamic debt instruments, diversification of maturity dates, profit profiles and a minimum credit rating of BBB and P2 respectively help to mitigate the investment risk.

The Manager may take temporary defensive positions that may be inconsistent with the MASMMF’s asset allocation in attempting to respond to adverse economic, political or any other market conditions. In such circumstances, the Manager may reallocate the MASMMF’s sukuk investments into other asset classes such as cash in bank and/or Islamic liquid assets.

MASMMF shall not borrow cash/apply for financing or other assets (including the borrowing/financing of securities) to finance the activities of MASMMF or lend any of its cash or investments.