Atlas Asset Management launches Atlas Islam Dividend Plan under AIFOF
MG News | March 12, 2020 at 03:50 PM GMT+05:00
March 12, 2020 (MLN): Atlas Asset Management has uploaded the 2nd Supplemental Offering Document of AIFOF, related to new plan launch namely Atlas Islamic Dividend Plan (AIDP), on March 10, 2020, for prospective investors and the Initial Public Offer has been scheduled for March 16, 2020.
The details provided by the company in this regard state that the Atlas Islamic Dividend Plan is a Shariah Complaint Allocation Plan under the Atlas Islamic Fund of Fund and primarily aims to earn competitive high returns through dynamic asset allocation between Shariah Compliant Income/Money Market based Collective Investment Schemes and Shariah Complaint/Islamic Banks/Islamic banks window saving Accounts, while aiming to provide Dividend to the investors based on profit earned / appreciation in NAV.
Daily Dividend received by the Unit Holder(s) shall be reinvested, the details further revealed.
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