Marble Halal Fixed Income Fund Programme
Programme Details
Fund
Naira
Close-Ended
N/A
Admitted
Issuer
Programme
Offer Documents
Issuer Ratings
Fund Manager
Joint Issuing Houses
Trustees
Marble Capital Limited
Fund Size (Units)
Unit Price
Units of Sale
Holding Period
5,000,000
100
100 Units, and in multiples of 100 Units thereafter
Not applicable
Offer Document(s)
| Title | Size | Download |
|---|---|---|
| Executed Prospectus Marble Fund | 1.55 MB | DownloadPreview |
Fund Rating (s)
Nature of the Fund
Payment Terms:
The Fund is an open-ended unit trust scheme that predominantly invest in Sukuks and other debt instruments such as Nigerian Sovereign Sukuk, Shari’ah-compliant Fixed Term Investments and Shari’ah-compliant Income contracts permissible under Shari’ah principles and in accordance with Section 171 of Investments and Securities Act 2007. Any uninvested cash will be held in non-interest-bearing accounts or near cash Islamic- compliant deposits. The Fund shall be invested by the Fund Manager, with the Trustee’s consent, in all or any of the following asset classes and in accordance with the allocations specified in the table below:Asset Class Target Allocation Sukuk (Shariah-compliant Bonds) and other debt instruments 70% - 100% Shari’ah-compliant Fixed Term Investments/Contracts 0% - 30% Cash maintained in Shari’ah-Compliant institutions 0% - 5
The Fund will seek to distribute, semi-annually in arrears, the net income to Unit Holders in line with existing regulations, subject to profits realized. The income of the Fund, net of expenses, to be distributed periodically will be determined by the Fund Manager in the best interest of the Unit Holders. All Unit Holders as at the Qualification Date will be entitled to a share of the Fund’s distributions. Income distributable to unitholders will not be subject to withholding tax. However, Unit Holders reserve the option to either receive the distribution in their designated account or re-invest same in the Fund
Fund Manager
Marble Capital Limited
Joint Issuing Houses
Trustees
Fund Size (Units)
5,000,000
Units of Sale
100
Unit Price
100 Units, and in multiples of 100 Units thereafter
Nature of the Fund
The Fund is an open-ended unit trust scheme that predominantly invest in Sukuks and other debt instruments such as Nigerian Sovereign Sukuk, Shari’ah-compliant Fixed Term Investments and Shari’ah-compliant Income contracts permissible under Shari’ah principles and in accordance with Section 171 of Investments and Securities Act 2007. Any uninvested cash will be held in non-interest-bearing accounts or near cash Islamic- compliant deposits. The Fund shall be invested by the Fund Manager, with the Trustee’s consent, in all or any of the following asset classes and in accordance with the allocations specified in the table below:Asset Class Target Allocation Sukuk (Shariah-compliant Bonds) and other debt instruments 70% - 100% Shari’ah-compliant Fixed Term Investments/Contracts 0% - 30% Cash maintained in Shari’ah-Compliant institutions 0% - 5
Payment Terms:
The Fund will seek to distribute, semi-annually in arrears, the net income to Unit Holders in line with existing regulations, subject to profits realized. The income of the Fund, net of expenses, to be distributed periodically will be determined by the Fund Manager in the best interest of the Unit Holders. All Unit Holders as at the Qualification Date will be entitled to a share of the Fund’s distributions. Income distributable to unitholders will not be subject to withholding tax. However, Unit Holders reserve the option to either receive the distribution in their designated account or re-invest same in the Fund
