Investment in Islamic Unit Trusts
A unit trust can be defined as a collective investment scheme that obtains money from pooling the savings from various investors who share the same financial objectives, investment strategy and risk. Next, these funds will be allocated in a diversified portfolio of authorised investments and managed by the professional managers. The Security Commission’s guidelines on unit trusts set out the overall regulatory framework of the unit trust such as a ‘deed’ or an agreement that should be followed by the managers, unitholders and managers. In addition, examples the authorised investments allowed by the Security Commission includes approved stocks, bonds, commercial chapters, government securities, treasury bills, foreign securities, direct business ventures, unquoted securities and so forth.
- Malaysian Unit Trusts Industry (2000), Perbadanan Nasional Berhad, Kuala Lumpur.Google Scholar
- Malaysia Unit Trust Directory (2000), Permodalan Nasional Berhad.Google Scholar
- Desmond Chong, Unit Trust in Malaysia (2000), SAGE Information Services, Kuala Lumpur.Google Scholar
- Hasan, S. (n.d.), Encyclopedia of Islamic Banking, Institute of Islamic Banking & Insurance, London.Google Scholar
- Prospectus (2001), ASN 3 Imbang, 16 October.Google Scholar
- Izazee, M. Ismail (2002), “Islamic Private Debt Secutities: Issues & Challenges”, RAMFoces, April.Google Scholar