The Units of ATC SHARIAH UNIT FUND, hereinafter referred to as the Fund, may be bought/surrendered through Asian Tiger Capital Partners Asset Management Limited (ATC AML) and authorized Selling Agent(s) Appointed by ATC AML from time to time. Surrender of Units is allowed only the ATC AML/Selling (s) from whom the Units are originally purchased.
Application must be made by an individual & institution (both resident and non-resident).
Joint application by two persons is acceptable. In such a case, registration and issuance of Unit will be in favor of principal applicant while dividend and other beneﬁts, if any, will be addressed to bank account of principal applicant mentioned in the application form. In case of the death of any of the joint holders, only the survivor shall be recognized as having any title to the Units. On death of both the joint holders, the title to the Units will bestow upon the nominee mentioned in the application form.
Minimum purchase quantity for individual/ institute (both resident and non-resident) is 500 (Five hundred) Units.
Application for purchase of Units should be accompanied by an account payee cheque/pay order/bank draft in favor of “ATC SHARIAH UNIT FUND” for the total value of Units.
After clearance/encashment of cheque/draft/pay order the applicant will be issued with a Conﬁrmation of Unit Allocation against every purchase with a denomination of number of Units he/she applies for.
Partial surrender (fraction of total Units held) is allowed without any additional cost subject to minimum surrender quantity is 500 (Five hundred) Units for Individuals & Institution. Upon partial surrender, the Unit Holder will be issued with a new Conﬁrmation of Unit Allocation representing the balance of Unit holding.
The Units may be transferred by way of inheritance/gift and/or by speciﬁc operation of the law. In case of transfer the Fund may charge a nominal fee as decided by ATC AML from time to time except in the case of transfer by way of inheritance. The applicants shall submit completed transfer form with other related Documents.
Unit Holders may split their Units subject to minimum denomination of 500 (Five hundred) Units. In case of split, the Unit Holder may be charged a nominal fee as decided by the ATC AML from time to time.
All payments /receipts in connection with or arising out of transactions in the Units hereby applied for shall be in Bangladeshi Taka.
The bank account information provided in the application form (Under Part A) shall be considered for future transaction & settlement purpose
The Trustee of the Fund holds the discretionary power to declare the type of dividend as per বিধিমালা at the end of the accounting period.