ARM Ethical Fund

CURRENT AEF PRICE
Bid: 26.539 Offer: 27.339

The ARM Ethical Fund is suitable for Islamic investors who want long-term capital growth by investing strictly according to the principles of Islamic finance and ethical values.

Key benefits

  • Achieve long-term capital growth
  • Invest according to core Islamic values and beliefs

What the fund invests in

  • Equities:30%-60%
  • Real estate: 20%-60%
  • Other investments: 10%-30%

The Fund invests only in investments screened by a Shari’ah Advisory Board. The Fund will not invest in any company that involves interest-bearing transactions, gambling, alcohol and tobacco, arms and ammunition or adult entertainment.

Minimum Investment

  • Minimum initial investment: N10,000
  • Minimum additional investment: N5,000

Investment Strategy

The fund only invests in investments screened by a Shari’ah Advisory Board. The fund will not invest in any company that involves interest-bearing transactions, gambling, alcohol and tobacco, arms and ammunition or adult entertainment.

More facts

  • Type of Fund: Open-ended. This simply means that you can sell or buy into the Fund whenever they want.
  • Management Type: The Fund is managed on a discretionary basis, which simply means that the fund manager can take decisions to buy and sell assets without referring to the clients for every transaction.
  • Management Fees:¬†1.5% of Net Asset Value (NAV) of the Fund
  • Fund Manager: ARM Investment Managers
  • Trustee: Royal Exchange Plc.
  • Registrars:¬†United Securities Ltd.
  • Investment Tracking: Access to investment account online
  • Custodian: Citibank Nigeria Limited
  • Payment Options: Online Payment is available via the online portal and you can set up a standing instruction with your bank for periodic payments.

RELATED