Here’s an excellent alternative to a Mudarabah Savings Account or Shariah compliant deposit. As with all wealth funds from NDB, income from the Islamic fund is also completely tax free with your cash accessible to you at any time. No penalties or fees are levied. Your funds are invested solely in Shariah compliant securities and are monitored by an independent Shariah supervisory board.
Type of funds: Open ended Money Market Fund
Fund Objective: To achieve liquidity & regular income whilst maintaining capital stability by investing in money market instruments that conform with shariah principles.