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Shanta Amanah Shariah Fund

Shariah-Compliant Investment Solutions Aligned With Your Values

About Shanta Amanah Shariah Fund

Shanta Amanah Shariah Fund is a shariah-compliant mutual fund designed to cater to the investment objectives of Islamic-minded investors. It emphasizes on halal investments within the Capital Market (i.e., in stocks of businesses consistent with the Islamic Shariah law). The fund follows an international standard shariah screening policy supervised by a veteran shariah board.

Professional Fund Management

Lucrative Risk-Adjusted Returns

Flexible Payment Options

Tax Rebate for Investment up to BDT 5 Lac/Year

Easy Withdrawal with just a 4-Day Notice Period

CAGR

4.6%

As on 17 October, 2024

NAV

9.519

As on 17 October, 2024

AUM

452 M

As on 17 October, 2024

Inception

5 Years 1 Months

Since Feb 04, 2019

Risk Profile

How We Ensure Shariah Compliance

- Shanta Amanah Shariah Fund follow an international standard screening policy supervised by a veteran shariah board.

- The fund does not invest in any financial institutions like Banks, NBFIs etc., except Islamic financial institutions. Moreover, the fund only keeps deposits in Islamic financial institutions to stay away from interest or Riba.

- While Investing in securities, the fund only invests in business consistent with the Islamic Shariah law.

- The fund also does not invest in the following types of companies that:

  • Involve:
    • - Tobacco
    • - Alcohol
    • - Cloning
    • - Pork
    • - Gambling
    • - Betting etc.
  • Operate their businesses with too much dependency on interest-bearing debts.
  • Generate significant earnings from interest

Buy and Sale Rate

The Units of Shanta Amanah Shariah Fund may be bought/surrendered through Shanta Asset Management Limited (SAML) and authorized selling agents appointed by SAML at the following price:

Per Unit Buy or Sale (Surrender) price of Shanta Amanah Shariah Fund for Regular Investors:

DateNAV at Market
Price/Unit (BDT)
Unit Buy Price (BDT)Redemption Price (BDT)Effective Date
17-October-20249.5199.5199.519October 20 to October 24, 2024

Investment Options

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Lumpsum

Lumpsum: One-time investment

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SIP

SIP: Monthly investment plan, starting from BDT 1000/month

Historical Performance

*Note: Performance is calculated by adding historical dividends to the NAV.

Dividend History

YearDividend
20191.3%
202012.0%
202110.0%
20226.0%
20234.5%


Search Historical NAV

Performance Calculator

The Return is:
CAGR:

*Note: Performance is calculated by adding historical dividends to the NAV.

FeaturesDescription
Name of the FundShanta Amanah Shariah Fund
NatureOpen-end Fund
Life & size of the FundPerpetual life and unlimited size
Sponsor & Asset ManagementShanta Asset Management Limited (SAML)
TrusteeInvestment Corporation of Bangladesh
CustodianInvestment Corporation of Bangladesh
Initial Size of the FundBDT 30, 00, 00,000 (Taka Thirty Crore) divided into 3, 00, 00,000 (Three Crore) units of BDT 10 (Taka Ten) each.
Face valueBDT 10/- of one unit each
ObjectiveTo provide attractive returns to the unitholders through achieving capital appreciation as well as earning dividend income and building up reserves.
Minimum Subscription500 Units per application for individuals 5,000 Units per application for institutions (Not applicable for SIP Investors).
Target GroupIndividuals –both resident and non-resident, institutions–both local and foreign, registered mutual funds, collective investment schemes, trusts and societies/foundations are eligible to apply for investing in the Fund.
DividendBeing an ‘Income Fund’, the Fund shall distribute at least 70% of realized 'Annual Income' of the Fund as dividend in Bangladeshi Taka or CIP (if requested by the investor) only net of provisions in each accounting year.
Dividend DistributionThe dividend warrant will be distributed within 45 (forty-five) days from the date of declaration.
TransferabilityThe Units of the Fund are transferable by way of inheritance/ gift and/ or by specific operation of the law.
Systematic Investment Plan (SIP) facilitySystematic Investment Plan or SIP allows investors to invest a certain predetermined amount at a regular interval (monthly, quarterly, yearly, etc.). SIP is a planned approach towards investments and helps to inculcate the habit of saving and building wealth for the future. Investors can start SIP with a very small amount i.e. minimum BDT 1,000 or any multiple of BDT 500/1,000.
Surrender and EncashmentThe unitholders can surrender and encash their unit certificates through the Asset Management Company or through the selling agents appointed by the AMC during the business hours as specified by the Asset Management Company.
Accounts and informationThe unitholders of the Fund are entitled to receive the audited Annual Reports of the Fund along with the yearly, half-yearly and quarterly statements of accounts. Weekly NAV of the Fund will be published in the newspapers and the website of the SAML.
Tax Rebate BenefitBy investing in our Mutual Fund you can get up to BDT 75,000.00 tax rebate.
Allowable / Eligible InvestmentInvestment in the Mutual Fund will qualify for investment tax credit according to Section 44(2) under Income Tax Ordinance, 1984.
  • Statement & Portfolio
  • Forms & Documents
  • PSI