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Commodity Mudarabah Fund - EURO

 
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Commodity Mudarabah Fund - EURO

 

Achieve continued increase in investors capital in the long term without distribution of profits which will be re-invested with the capital, through plans to deal in a variety of commodities trades on deferred payment basis.

Features

  • Date of launch : November 2002 , unit price : EURO 100 $
  • Risks : fund deals are short term deals including a certain degree of risk due to fluctuations of prices of commodities in the international markets related to political developments and other factors that affect monetary policies in some countries. This has influence over the value and profits of the fund units.
  • Minimum subscription amount : 2000 $
  • Additional subscription : 1000 $
  • Evaluation : daily.
  • Days of business : Saturday through Wednesday.
  • Min Redemption : 1000 $
  • Redemption payment : On the third working day after receipt of request.
  • Management charges : the bank receives the Mudarib share which is 16% of net profits and the remaining amount goes to fund unit holders.
 
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