Public Mutual Launches Public e-Sukuk Fund to Provide Annual Income Through Sukuk Investments

Public Mutual, a wholly-owned subsidiary of Malaysia-based Public Bank, has announced the launch of its Public e-Sukuk Fund (PeSukuk), for investors seeking to invest in a Shariah-compliant fund that provides a steady income stream.

According to a prospectus issued on the 9th of December 2020, the Public Mutual will invest 75% to 98% in Sukuk, with up to 25% in Shariah-compliant foreign assets. The minimum investment is MYR 100, with an initial issue price of MYR 1 per unit during the offer period from the 9th to the 29th of December 2020, with a sales charge of up to 0.65%, as reported in local media.

The objective of PeSukuk is to provide an annual income through investments that are mainly in Sukuk. The asset class types include rated and unrated sovereign Sukuk a...