Principal Asset Management Principal Islamic Enhanced Sukuk Fund
Islamic Investing in Kedah
Sukuk-focused Islamic fund from Principal Malaysia, launched 23 February 2005, with a small Shariah equity allocation. Benchmark is 85% CIMB Islamic 1-month FRIA-i plus 15% FBM EMAS Shariah Index. Application fee up to 2.00% of NAV per unit, management fee up to 1.00% per annum, trustee fee up to 0.03% per annum (fund page, crawled 2026-08-07).
This is Principal's answer for the investor between cash and equities: mostly sukuk, a 15% Shariah equity sleeve, and fee caps well below the equity flagship. The 1.00% management cap is worth watching because sukuk yields leave less room for fees than equity returns do, but as a one-fund conservative Islamic allocation with a 2005 start date it has few direct retail rivals; Maybank's Malaysia Sukuk Fund undercuts it on fees (0.35%) for investors who want pure sukuk without the equity sleeve (fund pages, crawled 2026-08-07).
Pros
- Middle risk option between money market and equity on the Islamic shelf
- Materially cheaper entry than DALI (2.00% versus 6.50% cap)
- Sukuk allocation cushions equity drawdowns
Cons
- 1.00% annual fee is high for a predominantly sukuk portfolio
- The 15% equity sleeve means it is not a pure income fund
- Minimum investment sits in the prospectus, not the fund page
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Product Details
Type
mutual_fund
Expense Ratio
Up to 1.00% management, up to 0.03% trustee, up to 2.00% application fee
Min Investment
See prospectus; minimum withdrawal 500 units (fund page, crawled 2026-08-07)
Fee
Up to 1.00% per year of NAV
Screening Method
Sukuk plus FBM EMAS Shariah screened equities, Amanie Advisors oversight
Principal Asset Management in Kedah
Principal Asset Management's Principal Islamic Enhanced Sukuk Fund is accessible to investors in Kedah, structured as Islamic sukuk fund with equity enhancement: Islamic funds and portfolios in Malaysia are national digital products, so region matters less than fees and governance. The product reports an expense ratio of Up to 1.00% management, up to 0.03% trustee, up to 2.00% application fee. Minimum investment: See prospectus; minimum withdrawal 500 units (fund page, crawled 2026-08-07). Principal Asset Management operates across Malaysia, so Kedah residents have full access to this product.
Shariah Compliance & Oversight
Amanie Advisors Sdn Bhd named as Shariah adviser in the master prospectus (reviewed 2026-08-06).
2026-08-07
Why It's Halal
The fund holds sukuk rather than conventional bonds, with a modest allocation to Shariah-compliant equities reflected in its composite Islamic benchmark of 85% CIMB Islamic 1-month FRIA-i and 15% FBM EMAS Shariah Index (fund page, crawled 2026-08-07). Amanie Advisors is named as Shariah adviser in the master prospectus (reviewed 2026-08-06). Sukuk income derives from profit-sharing, lease or trade structures rather than interest, which is the fundamental distinction from a conventional bond fund, and the enhanced overlay stays inside the screened equity universe.
Regional Availability
Principal Asset Management serves all of Malaysia
✓ Available nationwide including Kedah
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Total Value
RM 343,778
Contributed
RM 130,000
Growth
RM 213,778
Hypothetical projection. Past performance does not guarantee future results.
Compare FundsFrequently Asked Questions
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Important: HalalWallet provides educational information and comparisons to help you explore halal financial options. We do not provide financial, legal, or religious advice. Product structures and Shariah compliance oversight vary by provider. Always verify halal compliance directly with providers and consult with qualified Islamic finance advisors or scholars for guidance on specific products and your individual circumstances.