
Comtrust Adl Mudarabah Fund
The Comtrust-Adl Mudarabah Fund is a Shariah-compliant open-ended Unit Trust. It is the very first Money Market Fund based on Islamic Finance principles to be launched in Sri Lanka. A key objective of this fund, which operates on a Mudarabah basis with a profit sharing ratio (PSR) of 90:10, is to fulfil the growing demand for a relatively low risk product that provides investors with regular returns, whilst enabling them ease of encashment, i.e. liquidity.
The fund aims to optimise short term returns by investing in a portfolio of money market instruments that are in compliance with the Shariah. The fund is expected to fill a vacuum that exists in the Islamic Finance Industry for an instrument to manage surplus liquidity
Principal Areas of Investments
Deposits in Mudarabah accounts of Licensed Commercial Banks & Licensed NBFIs
Short term corporate debt of mainly listed companies
Rated instruments (with an investment grade rating by an independent rating agency)
Salient Features of the Fund
Open to Sri Lankan and foreign nationals
Regulated by the Securities & Exchange Commission (SEC) of Sri Lanka
Approved by a Shariah Board
Minimal risk, given the diversification of the portfolio
PSR of 90:10 is one of the most attractive in the market
Ease of encashment
No entry or exit fees