The Financial Express

Shanta Amanah Shariah Fund declares 10.0 pc dividend

| Updated: January 10, 2022 10:12:12

Shanta Amanah Shariah Fund declares 10.0 pc dividend

Shanta Amanah Shariah Fund (SASF) declared cash dividend of 10.0 per cent (BDT 1.0 per unit) for the year that ended on 31 December 2021 for its investors.

Earnings Per Unit (EPU) of the fund stood at BDT 1.33, implying that the fund disbursed 75.2 per cent of its earnings to the investors.

Shanta Asset Management Limited (SAML) --sponsor and asset manager of the fund -- informed that shareholders who held units on 31 December 2021 would be entitled to the declared dividend.

The fund has generated 16.4 per cent return against 15.2 per cent surge of the DSE Shariah Index (DSES). Moreover, SASF has become one of the top performers among all the other shariah-compliant open-end mutual funds in Bangladesh.

In 2021, the total AUM of Shanta Amanah Shariah Fund (SASF) has increased more than two-fold and reached around Tk 470 million.

Mohammad Emran Hasan, Chief Executive Officer (CEO) of SAML, said: We are continuously gaining positive response from our investors, and we are immensely thankful to them for having their faith in us. Also, we are working rigorously to generate a satisfactory return for our valued investors with in-depth research and disciplinary investment.

He further added that SAML is working rigorously in the development of capital market by promoting open-end mutual funds as a suitable investment vehicle to its retail investors.

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