Public subscription for Sandhani AML SLFL Shariah Fund opens today
FE Report | Sunday, 1 February 2026
The public subscription of Sandhani AML SLFL Shariah Fund, an open-ended and perpetual mutual fund (MF), opens today (Sunday) and will continue until April 12.
The units of the Shariah-compliant mutual fund (MF), managed by Sandhani Asset Management Ltd. (SAML), will be available through SAML and authorised selling agents across the country.
The initial size of the fund is Tk 250 million, structured under the Bangladesh Securities and Exchange Commission (Mutual Fund) Rules 2025.
The fund's asset allocation framework emphasizes liquidity through Shariah-compliant money market instruments, stability via Bangladesh Government Investment Sukuk, and long-term growth through carefully selected Shariah-compliant equities.
Sandhani Life Finance, sponsor of the fund, has invested 10 per cent of the initial fund, while the remaining portion will be subscribed by the public.
The investment objective of the fund is to generate superior risk-adjusted returns in the form of capital appreciation and dividend payments for valued unit holders who seek Shariah-compliant capital market investment.
Bangladesh General Insurance Company is the trustee of the fund, while Commercial Bank of Ceylon is working as the custodian.
The difference between the sales price and the surrender value of the fund's units shall not exceed 1 per cent of the NAV at fair value of the unit.
The surrender value may differ for short-term investors to discourage short-term investing.
This difference between the sales price and surrender value can be modified or determined by the Commission from time to time, according to the prospectus of Sandhani AML SLFL Shariah Fund.
The fund shall distribute at least 70 per cent of the realised annual income of the fund in dividend or CIP (Cumulative Investment Plan), if requested by investors.
A CIP in a mutual fund is a dividend reinvestment strategy where dividends are not paid out in cash but are automatically reinvested to purchase additional units.
Sandhani AML SLFL Shariah Fund will be the second mutual fund managed by SAML. Its first fund is Sandhani AML SLIC Fixed Income Fund.