📈 CAL Launches Shariah-Compliant Money Market Fund

Capital Alliance Limited (CAL) has introduced the CAL Islamic Money Market Fund, an open-ended scheme providing retail and corporate investors with ethical exposure to Shariah-compliant instruments. • Investment Focus & Quality: The fund invests in instruments with maturities under 397 days, including corporate Sukuk, commercial papers, and asset-backed securities. All investments are restricted to issuers with a minimum rating of BBB- or above. • Key Features: • Liquidity: Anytime redemptions with no penalties; instant redemptions up to LKR 100,000. • Accessibility: Low entry requirements and a fully digital onboarding/management process via an investor portal. • Transparency: Daily return updates and real-time portfolio visibility. • Governance & Oversight: • Shariah Compliance: All products are screened by an approved Shariah Advisory Committee. • Regulation: Fully regulated by the Securities and Exchange Commission (SEC) of Sri Lanka. • Custody: Assets are safeguarded by Hatton National Bank (HNB) as the reputed custodian. This launch enhances financial inclusion within Sri Lanka’s wealth management sector by offering a regulated, liquid, and ethical investment alternative to traditional interest-based products.