Daman Investments End of Service Program – Shari'ah Compliant Solution

Product features for the Shari'ah Compliant End of Service
money market fund

Investment objective

Seeks moderate capital growth whilst protecting employees’ contributions.

Underlying instruments

Wakala deposits and short term Sukuks.  Deposits will be placed with Government backed local banks with a minimum issuer rating of A-. Only Sukuks issued by issuers with a minimum A- rating will form part of the portfolio.

Fund Facts

Fund Type

Open Ended

Fund underlyings

Wakala Deposits,  Short Term Sukuks

Risk profile

Low risk

Fund Manager

Daman Investments

Fund administrator

Legal Advisor

Shariah Advisors

Fund administrator

Legal Advisor

Shariah Advisors

Partners

Shari’ah solutions leveraging on local and global expertise

Legal Advisor

Custodian & Fund Administrator

(subject to appointment*)

Auditor

Shariah Advisor

*Standard Chartered Bank’s appointment as the Custodian and Fund Administrator is subject to, among other things, its internal policy, regulatory approval, product readiness and execution of the relevant definitive service agreements. No representation is made as to when and/or whether the appointment will be concluded eventually. The information contained herein is for illustrative purpose only and should not be relied upon entirely as it is subject to change.

Daman Investments is regulated by the Emirates Securities and Commodities Authority (SCA).