Shanta Amanah Shariah Fund declares 12% cash dividend
The Shariah-compliant open-end mutual fund has become one of the top performers among its peers
The Shanta Amanah Shariah Fund has declared a 12% cash dividend for the year ended on 31 December, 2020.
The annual earnings per unit (EPU) of the fund stood at Tk0.23, implying that the fund disbursed 97.6% of its earnings to its unitholders.
Shanta Asset Management Limited (SAML), the sponsor and asset manager of the fund, said that shareholders who hold units till 31 December, 2020 will be entitled to the declared dividend.
The fund generated a 24.6% return for the recently-concluded year despite the pandemic-driven turbulence in the capital market during the first half of the year.
The Shariah-compliant open-end mutual fund has become one of the top performers among its peers.
Since its inception in February 2019, its asset value increased by 33.1%, while DSES, the Shariah based securities' index at the Dhaka Stock Exchange increased by only 0.3% over the period.
Mohammad Emran Hasan, chief executive officer of the asset management firm, said in-depth research and discipline are the reasons behind the fund's superior performance.
In a recent statement he also said that his firm is working rigorously in developing the capital market through promoting open-end mutual funds as a suitable investment vehicle to retail investors.