The objective of NAFA Islamic Principal Protected Fund-II is to earn a potentially high return through dynamic asset allocation between Shariah Compliant Equities and
Money Market investment avenues, while providing principal protection.
An increase in assets under management (AUM) in equity funds and discretionary mandates was offset by a decline in AUMs in fixed income funds and
money market investment strategies, principally due to the maturity of a fixed income portfolio mandate of $99m
* The provider firm earns 4,900% more on the investment income when a participant chooses a 70/30 mix over a 100%
money market investment.
In 1995, the IRS ruled in Technical Advice Memorandum (TAM) 9544002 that a thrift, for purposes of qualifying as a domestic building and loan association, could not treat as cash its investment in a no-load, open-ended
money market investment fund that was qualified as a regulated investment company under Sec.
All of the income generated by a
money market investment CDs will be taxed as ordinary income.
This is a
money market investment where the rate of return and repayment schedule are fixed beforehand.
Funds realized from divestment of equity exposures are being channeled into low-risk
money market investment schemes.
For instance, R1 000 invested in a
money market investment at 5% per annum will be worth R1 050 at the end of one year.
Interest on the funds in CHUMS
Money Market Investment Fund is accrued each day and reinvested at the end of each month.
A recent example is sukuk (Islamic
money market investment bonds) of $2 billion, which were subscribed within a day.
The value of Solidium's all holdings (equity holdings and
money market investments) was EUR 8,193 million on 30 June 2019 (EUR 6,995 million on 31 December 2018 and EUR 9,093 million on 30 June 2018).
