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ABOUT IDLC AML SHARIAH FUND

IDLC AML Shariah Fund is a Shariah compliant investment scheme that generates profit by investing in a portfolio of Shariah compliant securities, vetted by the Shariah Advisory Board.  The fund intends to deliver the profit among the investors in the form of dividend as well as capital appreciation, strictly adhering to the Shariah principles.

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


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

WHY INVEST IN IDLC AML SHARIAH FUND

Most compliant Shariah investment scheme

Engagement with globally renowned Shariah Advisor

Dynamic and experienced Shariah Advisory Board

Tax benefit

MOST COMPLIANT SHARIAH INVESTMENT SCHEME:

  • IDLC AML Shariah Fund (AML SF) will predominantly make equity investments in Shariah complaint stocks. So, through the investment in IDLCAMSF, investors will actually 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 screening.
     
  • The fund has subscribed to Dhaka Stock Exchange Shariah Index (DSES) which will provide the list of Shariah compliant securities on monthly interval.
     
  • The Fund also ensure that the profit distributed among the investors is completely pure through the purification process as prescribed by the Shariah Investment Guideline.

ENGAGEMENT WITH GLOBALLY RENOWNED SHARIAH ADVISOR, AMANIE ADVISORS LTD: 

  • IDLC AML has engaged AMANIE ADVISORS LTD. - a leading Malaysia based Shariah advisory firm, to ensure adoption of the best Shariah compliant investment practice. The firm has reviewed and vetted the Shariah Investment Guideline of IDLC AML Shariah Fund.
     
  • Amanie is currently operating in more than 70 countries, offering international perspectives and global best practices around Shariah financial products to its clients since 2005.
     
  • AMANIE ADVISORS LTD. is acting as Shariah Advisor of more than 170 funds as of 2018.

DYNAMIC AND EXPERIENCED SHARIAH ADVISORY BOARD:

  • IDLC AML Shariah Fund has a dynamic Shariah Advisory Board constituted by members of diverse background such as Islamic scholar, academician and corporate professional, with enriched experience and knowledge.
     
  • The Shariah board will monitor and ensure that the whole investment process of IDLC AML Shariah Fund is fully Shariah compliant.
     
  • The board will also issue certificates to the effect that the investments made by IDLC AML Shariah Fund are Shariah compliant at the end of each accounting year.

Dr. Sayed Muhammed Emdad Uddin

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

Prof. Mamtaz Uddin Ahmed

Director, MPA Program and EMBA Program, University of Dhaka

Mr. Abdul Khalek

Advisor, Berger Paints Bangladesh Limited

Dr. M. Mahabbat Hossain

Faculty Member, BIBM

TAX BENEFIT

  • As the full investment amount of IDLC AML Shariah Fund is eligible for tax rebate, it offers significant tax benefit compared to Mudaraba Term Deposit Receipt/Mudaraba Savings Account.
     
  • An investor can generate up to 15% return through tax savings only by investing in this fund.

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


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