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Sky One Money Market Fund

ABOUT THE FUND

An attractive opportunity to generate returns on your idle cash without committing to a time horizon.

Sky One Money Market Fund is an open-ended fund that is open to all investors.

The Fund is designed to invest in Sharia compliant highly liquid assets under a structure approved by the Emirates Securities and Commodities Authority.


NAV AED 1.00 as of 24-Oct-2020

MAIN BENEFITS

FUND FEATURES

Sky One Money Market Fund is an open ended non-listed product for the UAE based normal investors in UAE Dirhams or USD.
  • UAE’s Sole Money Market Fund
  • Daily profit distribution in form of units
  • UAE domiciled Counter Parties
  • Independent custodian
  • On-demand redemptions
  • Fund capital minimum of AED 1,000,000
  • Open to all normal investors
  • Highly liquid assets
  • AED1 minimum subscription
  • Shariah compliant assets
  • No subscription or redemption fees
  • No lock-up period

The fund will be subject to market risk, interest rate risk and litigation risk. Detailed disclosure is provided in the prospectus

Information and disclosures regarding fund will be published on Al Ramz website. Al Ramz Corporation PJSC

External Auditors: Ernst & Young 
Legal Counselor: HSF
Custodian: FAB

FOR MORE INFO AND DETAILS