AIBL 1st Islamic Mutual Fund Share Price

AIBL 1st Islamic Mutual Fund is a closed-ended mutual fund. The objectives of the Fund are to provide attractive risk-adjusted returns to the unit-holders by investing the proceeds in the capital market and money market that are generally Shariah compliant. The Company invests at least 60% of its total assets in the capital market, out of which at least 50% will be in listed securities. It invests up to 25% of its total assets in fixed income securities. It invests up to 15% of its total assets in pre-initial public offerings (IPOs) at a time. All amounts collected for the Fund are to be invested in en-cashable or transferable instruments, securities either in the money market or capital market or privately placed pre-IPO equity, preference shares, debentures or securitized debt. LR Global Bangladesh Asset Management Company Limited is managing the operations of the Fund. Bangladesh General Insurance Company Limited (BGIC) is the Trustee of the Fund.