Islamic unit trust pdf

Islamic Financial Products pp Cite as. Unit Trust can be defined as a collective investment scheme, which obtained money from pooling the savings from various investors who, shares same financial objectives, investment strategy and risk. Next, these funds will be allocated in a diversified portfolio of authorized investments and managed by the professional managers. In addition, example of the authorized investments allowed by the Security Commission includes approved stocks, bonds, commercial chapters, government securities, treasury bills, foreign securities, direct business ventures, unquoted securities and so forth.

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Jump to Page. Search inside document. Securities Commission has placed several requirements in The appointment of the unit trust manager, the trustee, the unit The appointment of all these parties must be approved by the trust manager's directors, chief executive officer, investment Securities Commission. Diversification Many investors lack sufficient resources to establish an adequate diversification on their own funds with variety of objectives 2. Funds with variety of objectives Different types of funds are created for different investment objectives.

So investors should have no problem finding funds that meet their objectives in term of return and risk 3. Record Keeping services The management company maintains and administers the records of shareholders activity for a given year. This is a great convenience for the investors 4. Professional Management Professional Management fund managers are knowledgeable about investment and they have good track records of performance, high integrity 5.

High Liquidity Unit trust can be bought and sold easily, Thus they do not suffer from liquidty risk 6. Affordability Only a small amount of money is needed to participate in a portfolio of investment which enjoys the same benefits as in direct investment which requires large amount capital.

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