AmanahRaya Investment Management Sdn. Bhd. (ARIM) has announced a distribution payout of 5.50 sen per unit for the AmanahRaya Syariah Trust Fund (ARSTF), effective August 31, 2024.
The ARSTF is a Shariah-compliant trust fund that primarily invests in high-yield investment-grade sukuk, providing investors with a stable income while adhering to Islamic investment principles.
Mohamad Shafik Bin Badaruddin, Chief Executive Officer of ARIM noted that the market is experiencing meaningful recovery as investors anticipate lower inflation and declining interest rates.
ARSTF has benefited from the recent market upturn, achieving a past one-year return of 5.61% net of tax and fees.
Investors registered in the ARSTF as of August 31, 2024, will be entitled to receive this distribution, which will be automatically credited to their accounts, enhancing their overall investment returns.
