|
Rusd
Investment Account
Rusd
2 |
|
Item
|
Features |
| Definition
|
Rusd 2 is a
Shari’a mudaraba account. |
|
Features of Rusd 2 |
•
Short-term investment with quarterly liquidation.
• Competitive and excellent returns with monthly distributions.
• Full compliance with the standards of Shari’a mudaraba.
• Portfolio is managed by a professional team of experts.
• Rusd is one of the highly regulated instruments in the international
market.
• Quarterly returns are re-invested.
• Statement of account is issued quarterly.
• Rusd 1 is used as a primary cash management account for the earnings of
any client with Rusd Investment Bank who invested in other Rusd funds, Sukuk
etc. Such earning are deposited in Rusd 1 account and are re-invested.
• Participants in any other investment product of Rusd Bank are exempted
from the minimum amount required to start an investment account. |
|
Mudarib |
• Rusd Investment
Bank |
|
Shari’a Supervision |
• A Shari’a
Board supervises all transactions of Rusd Bank. The Board is composed of
Sheikh Nizam Yaqubi of Bahrain and Professor Mohammed Dawood Bakr of
Malaysia.
• The Shari’a Board supervises all transactions of Rusd Accounts. |
|
Objectives |
• Commodity
financing in a mix of transactions such as murbaha, Islamic bonds (Sukuk),
short-term credit and other securities. |
|
Targeted Market |
• GCC countries,
Middle East region and Malaysia |
|
Minimum investment period for accrual of returns |
• 75 work days from the start of each quarter |
| Unit
Price |
• US$ 1.00 (one
dollar) |
|
Invested Ration |
• 70% of
average funds invested in Rusd 2 will be maintained for liquidity calls. |
|
Anticipated Return |
• 2.5% annually.
Returns are accrued on quarterly basis. |
|
Minimum Participation |
• US$
5,000 (5,000 units) the minimum amount required for accruing returns.
Participation is available on all bank working days. |
|
Liquidation |
• Within 7
working days following the end of each quarter |
|
For
further information please visit our web site www.rusdbank.com or call our
toll-free line 800 244 2255 or fax to +966 2 663 4055 |
