The experiences many business owners and investors have faced has opened their eyes to how fragile their business and investments may be. Thus, adaptation to changes has become vital to business sustainability and individual growth.
A fixed-income fund is an investment instrument that pays you a fixed interest or a dividend payment until the maturity date. At maturity, you are repaid the principal amount you invested. A fixed-income security is unlike equities that may pay no dividend to you or variable-income securities, where payments can change based on some underlying measure such as short-term interest rates. Rather, the payments of a fixed-income security are known in advance.
Another fund offered by Stanbic IBTC Asset Management is the Shari’ah Fixed Income Fund. The Shari’ah Fixed Income Fund aims to provide ethically minded investors with liquidity and competitive returns. This is achieved by investing in quality Shari’ah-compliant securities such as Sukuks and other eligible fixed-term contracts. A Sukuk is an Islamic financial certificate, similar to a bond in Western finance, that complies with Islamic religious laws commonly known as Shari’ah.