Emirates Islamic Money Market Fund

The fund is a Shari’a compliant investment that aims to achieve a higher profit return than traditional Shari’a compliant bank deposits. The fund will primarily invest in a diversified portfolio of Islamic money market instruments such as Murabaha and Wakala. Assets will be diversified across a range of durations and liquidity terms in order to maximise potential for higher profit without unduly increasing volatility or impeding regular liquidity. The fund is a sub fund of Emirates Funds Limited, a Shari’a compliant investment company registered with limited liability in Jersey, the Channel Islands. Our Fixed Income funds are actively managed by a highly experienced and specialized team who are committed to maximizing returns and minimizing risk.

Fund Performance

Year to Date* 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Emirates Islamic Money Market Fund 3.82% 2.83% 1.40% 0.58% 1.49% 2.35% 2.14% 1.32% 0.96% 0.45% 0.37%

*As at 30 September 2024
I Share Class, bid to bid, USD terms with net income reinvested.

 

Dividends

Year Share Class March April May June July August September
2024 I USD 0.46% 0.38% 0.41% 0.35% 0.44% 0.40% 0.39%
2024 I AED 0.45% 0.40% 0.41% 0.35% 0.44% 0.40% 0.39%

 

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