About Lotus Capital Fixed Income Fund (FIF)

The Lotus Halal Fixed Income Fund is an open-ended mutual fund that invests in Shariah compliant fixed income instruments. The Fund is specifically designed for ethical investors with a low risk appetite. The Lotus FIF invests in fixed income instruments such as Sukuk (non-interest bonds) and fixed return contracts such as Ijarah (lease) and Murabaha (cost-plus) contracts. The Fund does not invest in equities or interest-bearing securities like treasury bills or conventional term deposits.

Requirements for savings

• Valid proof of residence
• Valid means of identification (International Passport, Driver's license, National Identity Management Commission (NIMC) Card, Voter's card)
• Valid Residence or Work Permit (Foreigners).
• Copy of valid means of ID
• Active and valid phone number

States Covered