Capitec IBBL Shariah Unit Fund is an open-end Shariah-compliant mutual fund. The fund invests in Shariah-compliant securities and generates returns from those investments.
Capitec IBBL Shariah Unit Fund is an open-end Shariah-compliant mutual fund. The fund invests in Shariah-compliant securities and generates returns from those investments.
| Feature | Description |
|---|---|
| Fund Name | CAPITEC-IBBL Shariah Unit Fund |
| Nature | Open-end Shariah compliant mutual fund |
| Initial Size of the Fund | Tk. 250,000,000/- (Taka Twenty-Five Crore) Divided into 25,000,000 units at par value of Tk 10/- each |
| Tenure & Size of the Fund | Perpetual life and unlimited size |
| Sponsor | Islami Bank Bangladesh PLC. |
| Trustee | Investment Corporation of Bangladesh (ICB) |
| Custodian | Investment Corporation of Bangladesh (ICB) |
| Asset Manager | Capitec Asset Management Limited |
| Face Value | Taka 10.00 per unit. |
| Minimum Application Quantity | Amount Tk.5,000/- per application (500 Units) for individuals Tk.50,000/- per application (5,000 Units) for institutions Not Applicable for SIP Investors |
| Objectives | The objective of the CAPITEC-IBBL Shariah Unit Fund is to generate risk adjusted return in the forms of capital appreciation, dividend income and to provide attractive dividend payments to the unit holders by investing the fund in Islamic shariah compliant instruments of capital market and money market. |
| Transparency | NAV will be calculated on a weekly basis and shall be published on the website of the Fund manager (www.capitecbd.com) and as prescribed in the Rule. |
| Shariah Supervisory Board | The Fund shall be managed under Shariah Law. In this regard, a “CAML Shariah Supervisory Guideline” was framed to ensure the compliance of Shariah Law which was submitted to Trustee and BSEC. Under this Guideline, a Shariah Supervisory board consisting of renowned Islamic Scholars of Bangladesh is formed. This board will work with to ensure compliance of investment management as per Shariah Law. |
| Dividend Policy | Minimum 70% (seventy percent) of realized income of the Fund will be distributed as dividend in Bangladeshi Taka in each accounting year. |
| Mode of Distribution | The dividend warrant will be distributed within 45 (forty-five) days from the date of declaration. |
| Transferability | The units of the fund shall be freely transferable by way of inheritance/gift and/or by specific operation of the law. |
| Systematic Investment Plan (SIP) | Systematic Investment plan or SIP allows investor to invest a certain predetermined amount at a regular interval (monthly, quarterly, semiannually, annually, etc.). SIP is a planned approach towards investments and helps to inculcate the habit of saving and building wealth for the future. Investor can start SIP with a very small amount i.e. minimum BDT 1,000 or any multiple of BDT 1,000. |
| Encashment | The Unit holders can surrender their units through the Asset Manager and through the Selling Agents appointed by the Asset Manager. So, investment in the Fund will be easily en-cashable. |
| Tax Benefit | Income will be tax free up to certain level, which is permitted as per finance act. Investment in the fund would qualify for investment tax credit under section 44 (2) of the Income Tax Ordinance 1984. Details regarding this tax benefit has discussed in the chapter 6 of this prospectus. |
| Reports & Financials | Every unit holder is entitled to receive annual report along with the yearly and half-yearly statements of accounts as and when published from the website (www.capitecbd.com). Every unit holder will also get quarterly statements of portfolio in CAML’s official website. |
| Date | NAV (MARKET PRICE) |
|---|---|
| 06 Feb 2025 | 8.04 |
| 13 Feb 2025 | 8.01 |
| 20 Feb 2025 | 8.05 |
| 27 Feb 2025 | 8.06 |
| 06 Mar 2025 | 7.97 |
| 13 Mar 2025 | 7.96 |
| 20 Mar 2025 | 7.99 |
| 27 Mar 2025 | 8.10 |
| 10 Apr 2025 | 8.14 |
| 17 Apr 2025 | 8.14 |
| Fund Name | Year Closing | Dividend(%) | Remarks |
|---|---|---|---|
| Capitec IBBL Shariah Unit Fund | 2023 | No Dividend | |
| 2022 | 10% | Operation During Economic Unrest due to Russia-Ukraine War | |
| 2021 | 10% | Operation During Covid Pendamic. |