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WHAT IS 'IDLC ASSET MANAGEMENT SHARIAH FUND'

Why Invest in IDLC
Asset Management Shariah Fund

IDLCAMSF CALCULATOR

WHAT IS IDLC ASSET MANAGEMENT SHARIAH FUND

IDLC ASSET MANAGEMENT SHARIAH FUND is an Open-End Mutual Fund that generates return by investing in a portfolio of Shariah compliant securities vetted by the Shariah Supervisory Board. The objective of the fund is to deliver growth of your money by adhering to the Fund’s Shariah Investment Guideline which has been endorsed by Amanie Advisors Limited – a leading global Shariah advisory firm serving 200+ clients globally. 

The whole investment management process is reviewed, monitored and vetted by the Shariah Supervisory Board


Initial Shariah based screening of listed companies
Business activity and financial ratio based screening. The list of Shariah compliant companies is provided by DSES
Internal research for identifying potential Shariah compliant investment opportunities
Final investment decision by Investment Committee
Investment Decision Execution
Ensure purity of income by Purification Process

WHY INVEST IN IDLC ASSET MANAGEMENT SHARIAH FUND

Most-fitting investment vehicle for Shariah-minded investors

Fund’s Shariah Investment Guideline endorsed by Amanie Advisors Limited

Dynamic and experienced Shariah Supervisory Board

Maximum Tax Rebate

MOST- FITTING INVESTMENT VEHICLE FOR SHARIAH- MINDED INVESTORS: 

  • IDLC Asset Management Shariah Fund (IDLCAMSF) predominantly makes equity investments in Shariah complaint stocks. So, by investing in IDLCAMSF, investors will participate in ownership of Shariah complaint businesses and get the share of profit and loss of the business accordingly.
     
  • IDLCAMLSF only invests in Shariah compliant securities through proper business and financial ratio based screenings.
     
  • The fund has subscribed to DSEX Shariah Index (DSES) which will provide the list of Shariah compliant securities on monthly intervals.
     
  • The Fund also ensures that the profit distributed among the investors is completely pure through the Purification Process as prescribed in the Shariah Investment Guideline.

FUND'S "SHARIAH INVESTMENT GUIDELINE" ENDORSED BY AMANIE ADVISORS LIMITED: 

  • IDLC Asset Management engaged Amanie Advisors Limited - a leading global Shariah advisory firm to ensure the adoption of the best Shariah compliant investment practices. The firm has reviewed and endorsed the “Shariah Investment Guideline” of IDLC ASSET MANAGEMET SHARIAH FUND.
     
  • Amanie Advisors Limited is one of the world’s leading Shariah advisory firms that serves 200+ clients globally.

DYNAMIC AND EXPERIENCED SHARIAH SUPERVISORY BOARD:

  • IDLC Asset Management Shariah Fund has a dynamic Shariah Supervisory Board constituted by members of diverse backgrounds such as Islamic scholar, academician and corporate professional, with enriched experience and knowledge.
     
  • The Shariah Supervisory Board monitors and ensures that the whole investment process of IDLC Asset Management Shariah Fund is fully Shariah compliant.
     
  • The board also issues certificates to the effect that the investments made by IDLC Asset Management Shariah Fund are Shariah compliant at the end of each accounting year.

Prof. Sayed Kamaluddin Abdullah Zafree

Founder and Chairman, Majilis Al-Umana, Bangladesh Islami University

Dr. Sayed Muhammed Emdad Uddin

Sr. Imam, Khatib, Central Mosque, University Of Dhaka

Prof. Mamtaz Uddin Ahmed

Treasurer, University of Dhaka

Dr. Monzur-E-Elahi

Associate Professor, Dept. of Islamic Studies, National University

Dr. M. Mahabbat Hossain

Faculty Member, BIBM

Mufti Yousuf Sultan

Founder & CEO, Adl Advisory

MAXIMUM TAX REBATE: 

  • IDLC Asset Management Shariah Fund is the most-suitable tool to get Maximum Tax Rebate for people who want to manage tax through investment in a shariah- compliant way. Whereas, Mudaraba DPS in islamic banks has up to BDT 120,000 ceiling in terms of Investment eligible for TAX rebate and Mudaraba FDR is not eligible for TAX rebate.

  • One can earn a return from 10.0% to 15.0% (based on one's taxable income level) simply by saving tax by investing in IDLC Asset Management Shariah Fund.


Find out below how much tax you can save through investment in IDLC Asset Management Shariah Fund: (tax calculator)


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