Fund Types
Sharia-Compliant Fund
Definition
What is Sharia-Compliant Fund?
A fund managed according to Islamic finance principles and screened investmentAn asset or commitment of money made with the expectation of future income, growth, or both. rules.
Example in practice
How This Looks in Practice
The fund avoids interest-based businesses and uses approved instruments.
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Related Terms
Fund Types
Money Market Fund
A mutual fund that invests mainly in short-term, relatively liquid instruments such as treasury bills and deposits.
Fund TypesEquity Fund
A fund that invests primarily in shares and seeks long-term capital growth.
Fund TypesFixed Income Fund
A fund focused on income-producing debt securities such as government and corporate bonds.
Investment MethodsLump-Sum Investment
A single, relatively large investment made at one time instead of through repeated contributions.