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Chapter Six: Islamic Funds - Coggle Diagram
Chapter Six: Islamic Funds
INTRODUCTION
ISLAMIC INVESTMENT FUNDS
FUNCTIONING OF AN ISLAMIC INVESTMENT FUND
Islamic Fund as a Company
Islamic Fund as a Trust
Islamic Fund as a Partnership
STRUCTURE OF AN ISLAMIC FUND
Parties involved in Islamic Fund
Structures of Islamic Fund
Mudaraba structure
Wakala structure
Musharakah structure
SHARIAH SCREENING METHODOLOGY
Main Components of Shariah Screening
Global Shariah Indices at a glance
The One Third Rationale
PURIFICATION PROCESS
Purification
Purification Method
Calculation Timing
Profit Returns on Borrowed Money
Method of Calculation
Method adopted by AAOIFI
BASIC TERMINOLOGIES OF AN ISLAMIC FUND
Units / Shares
Special Purpose Vehicle (SPV)
Net Asset Value (NAV)
Trading day
Public Offering Price (POP)
Load / Fee
Redemption
Dividend / Income
Capital Gains
BASIC MODEL OF AN ISLAMIC FUND
Mechanism of Mudaraba based Fund
Mechanism of Wakala based Fund
Mechanism of Musharaka based Fund
TYPES OF ISLAMIC FUNDS
Open-ended fund
Close-ended fund
Exchange traded fund (ETF)
Equity fund
Ijara Fund
Specific Shariah guidelines for Ijara fund
Commodity Fund
Specific Shariah guidelines for Commodity fund
Murabaha Fund
Specific Shariah guidelines for Murabaha fund
Mixed Fund