Another Shariah Offering from RHB Investment Management
Puan Sharifatul Hanizah Said Ali, Managing Director of RHBIM said, "We are happy to be able to add variety to our Islamic money market offering, giving more choices to investors for their investment consideration. The difference between the RHB Islamic Enhanced Cash Fund and RHB Islamic Cash Management Fund is that the former invests in a portfolio of Islamic money market instruments and/or sukuks and Islamic fixed income instruments while the latter invests in mainly short-term Islamic money market instruments and deposits."
"As the name suggests, the RHB Islamic Enhanced Cash Fund strives to potentially distribute "enhanced income" to its investors through sukuks and Islamic fixed income instruments which have the potential to give higher returns. Furthermore, the fund also enables them to enjoy tax-exempt income," she added.
Therefore, the RHB Islamic Enhanced Cash Fund is suitable for investors wanting to earn higher returns than savings deposits while maintaining a certain degree of liquidity. A low risk fund, it invests at least 90% of the Fund"s Net Asset Value (NAV) in Islamic money market instruments and/or sukuks and Islamic fixed income instruments which have a remaining maturity period of not more than one year and up to 10% of the same which have a remaining maturity period of more than one year but less than two years.
The approved fund size for the RHB Islamic Enhanced Cash Fund is 500 million units. The minimum investment amount is RM100,000 and minimum additional investment is RM50,000 at a par value of RM1.00.
Issued on behalf of RHB Bank Berhad by the Corporate Communications Division, RHB Capital Berhad. For more information, please call Azman Shah Md Yaman at 03-92802419 or Shima Reza at 03-92802533.
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