CWT – Community Bank Shariah Fund 

Validity DatePublishing DateNAVSale PriceRepurchase PriceDSES INDEX

25/02/2024 to 28/02/2024

22/02/2024

10.46

10.46

10.46

1360.52

18/02/2024 to 20/02/2024

15/02/2024

10.60

10.60

10.60

1382.22

11/02/2024 to 14/02/2024

11/02/2024

10.52

10.52

10.52

1387.32

04/02/2024 to 07/02/2024

04/02/2024

10.24

10.24

10.24

1362.93

28/01/2024 to 31/01/2024

28/01/2024

10.16

10.16

10.16

1352.28

14/01/2024 to 17/01/2024

14/01/2024

10.19

10.19

10.19

1375.92

08/01/2024 to 10/01/2024

08/01/2024

10.12

10.12

10.12

1362.81

31/12/2023 to 03/01/2024

31/12/2023

10.07

10.07

10.07

1364.13

24/12/2023 to 27/12/2023

24/12/2023

10.01

10.01

10.01

1365.44

17/12/2023 to 20/12/2023

17/12/2023

10.02

10.02

10.02

1364.66

10/12/2023 to 13/12/2023

10/12/2023

10.03

10.03

10.03

1360.73

03/12/2023 to 06/12/2023

03/12/2023

10.02

10.02

10.02

1353.20

26/11/2023 to 29/11/2023

26/11/2023

10.02

10.02

10.02

1352.54

19/11/2023 to 22/11/2023

19/11/2023

10.01

10.01

10.01

1359.28

12/11/2023 to 15/11/2023

12/11/2023

10.02

10.02

10.02

1362.50

05/11/2023 to 08/11/2023

05/11/2023

10.01

10.01

10.01

1359.18

29/10/2023 to 01/11/2023

29/10/2023

10.02

10.02

10.02

1362.51

22/10/2023 to 25/10/2023

22/10/2023

10.02

10.02

10.02

1363.57

15/10/2023 to 18/10/2023

15/10/2023

10.02

10.02

10.02

1358.29

08/10/2023 to 11/10/2023

08/10/2023

10.03

10.03

10.03

1355.82

01/10/2023 to 04/10/2023

01/10/2023

10.00

10.00

10.00

1359.60

Validity DatePublishing DateNAVSale PriceRepurchase PriceDSEX INDEX

27/2/2022 to 2/3/2022

27/2/2022

15.81

15.81

15.81

6839.44

20/02/2022 to 23/02/2022

20/02/2022

16.16

16.16

16.16

6991.36

13/02/2022 to 16/02/2022

13/02/2022

16.31

16.31

16.31

7085.95

06/02/2022 to 09/02/2022

06/02/2022

16.18

16.18

16.18

7023.52

30/01/2022 to 02/02/2022

30/01/2022

16.09

16.09

16.09

7027.55

23/01/2022 to 26/01/2022

23/01/2022

16.10

16.10

16.10

7105.69

16/01/2022 to 19/01/2022

16/01/2022

15.99

15.99

15.99

7017.23

09/01/2022 to 12/01/2022

09/01/2022

15.87

15.87

15.87

6987.45

02/01/2022 to 05/01/2022

02/01/2022

15.56

15.56

15.56

6756.66

26/12/2021 to 29/12/2021

26/12/2021

15.24

15.24

15.24

6702.61

19/12/2021 to 22/12/2021

19/12/2021

15.46

15.46

15.46

6868.17

12/12/2021 to 15/12/2021

12/12/2021

15.53

15.53

15.53

6984.74

05/12/2021 to 08/12/2021

05/12/2021

15.60

15.60

15.60

6936.20

28/11/2021 to 01/12/2021

28/11/2021

15.21

15.21

15.21

6852.09

21/11/2021 to 24/11/2021

21/11/2021

15.25

15.25

15.25

7091.82

14/11/2021 to 17/11/2021

14/11/2021

15.22

15.22

15.22

6995.93

07/11/2021 to 10/11/2021

07/11/2021

15.12

15.12

15.12

6906.72

31/10/2021 to 03/11/2021

31/10/2021

15.42

15.42

15.42

7062.36

24/10/2021 to 27/10/2021

24/10/2021

15.76

15.76

15.76

7076.23

17/10/2021 to 20/10/2021

17/10/2021

15.93

15.93

15.93

7243.27

10/10/2021 to 13/10/2021

10/10/2021

16.31

16.31

16.31

7342.97

03/10/2021 to 06/10/2021

03/10/2021

16.14

16.14

16.14

7329.04

26/09/2021 to 29/09/2021

26/09/2021

16.12

16.12

16.12

7250.60

19/09/2021 to 22/09/2021

19/09/2021

16.18

16.18

16.18

7228.31

12/09/2021 to 15/09/2021

12/09/2021

16.82

16.82

16.82

7258.75

07/09/2021 to 08/09/2021

07/09/2021

16.14

16.14

16.14

7075.49

N/A

N/A

17.40

--

--

6981.06

N/A

N/A

17.29

--

--

6851.32

N/A

N/A

17.17

--

--

6760.62

N/A

N/A

17.02

--

--

6699.39

N/A

N/A

17.00

--

--

6596.08

N/A

N/A

16.82

--

--

6425.26

N/A

N/A

16.52

--

--

6405.05

27/06/2021 to 30/06/2021

27/06/2021

15.42

15.42

15.42

6092.84

20/06/2021 to 23/06/2021

20/06/2021

15.40

15.40

15.40

6052.76

13/06/2021 to 16/06/2021

13/06/2021

15.47

15.47

15.47

6066.64

06/06/2021 to 09/06/2021

06/06/2021

15.43

15.43

15.43

6053.43

30/05/2021 to 02/06/2021

30/05/2021

15.38

15.38

15.38

5985.82

23/05/2021 to 25/05/2021

23/05/2021

15.03

15.03

15.03

5813.07

16/05/2021 to 19/05/2021

16/05/2021

15.18

15.18

15.18

5750.50

09/05/2021 to 12/05/2021

09/05/2021

14.90

14.90

14.90

5606.02

02/05/2021 to 05/05/2021

02/05/2021

14.86

14.86

14.86

5479.61

25/04/2021 to 28/04/2021

25/04/2021

14.89

14.89

14.89

5435.03

18/04/2021 to 21/04/2021

18/04/2021

14.80

14.80

14.80

5310.19

11/04/2021 to 13/04/2021

11/04/2021

14.77

14.77

14.77

5254.78

04/04/2021 to 07/04/2021

04/04/2021

14.80

14.80

14.80

5270.53

28/03/2021 to 31/03/2021

28/03/2021

14.9914.9914.995,327.22

21/03/2021 to 24/03/2021

21/03/2021

15.2315.2315.235,434.69

14/03/2021 to 16/03/2021

14/03/2021

15.5615.5615.565,568.85

07/03/2021 to 10/03/2021

07/03/2021

15.1515.1515.155,515.78

28/02/2021 to 03/03/2021

28/02/2021

15.0215.0215.025,416.39

22/02/2021 to 24/02/2021

22/02/2021

15.1615.1615.165,475.98

14/02/2021 to 17/02/2021

14/02/2021

15.1515.1515.155,485.02
07/02/2021 to 10/02/2021

07/02/2021

15.6915.6915.695,647.67
N/A

31/12/2020

14.9414.9414.945,402.07
27/12/2020 to 30/12/2020

27/12/2020

13.5413.5413.545,218.36
20/12/2020 to 23/12/2020

20/12/2020

12.7212.7212.725,108.04
13/12/2020 to 15/12/2020

13/12/2020

12.3312.3312.335,094.66
6/12/2020 to 9/12/2020

06/12/2020

12.0312.0312.034,974.84
29/11/2020 to 02/12/2020

29/11/2020

11.7311.7311.734,869.09
22/11/2020 to 25/11/2020

22/11/2020

11.9011.9011.904,879.96
15/11/2020 to 18/11/2020

15/11/2020

12.0212.0212.024,905.04
08/11/2020 to 11/11/2020

08/11/2020

11.8511.8511.854,942.12
01/11/2020 to 04/11/2020

01/11/2020

11.5511.5511.554,846.10
25/10/2020 to 28/10/2020

25/10/2020

11.8711.8711.874,914.04
18/10/2020 to 21/10/2020

18/10/2020

11.9011.9011.904,872.30
11/10/2020 to 14/10/2020

11/10/2020

11.8311.8311.834,916.97
04/10/2020 to 07/10/2020

04/10-2020

11.9211.9211.924,995.32
27/09/2020 to 30/09/2020

27/09/2020

11.4711.4711.474,978.78
20/09/2020 to 23/09/2020

20/09/2020

11.7711.7711.775,104.65
13/09/2020 to 16/09/2020

13/09/2020

11.6311.6311.635,011.30
06/09/2020 to 09/09/2020

06/09/2020

11.4911.4911.494,927.82
31/08/2020 to 02/09/2020

31/08/2020

11.5411.5411.544,873.18
23/08/2020 to 26/08/2020

23/08/2020

10.9110.9110.914,794.07
16/08/2020 to 19/08/2020

16/08/2020

10.8310.8310.834,703.32
09/08/2020 to 12/08/2020

09/08/2020

10.4010.4010.304,364.83
03/08/2020 to 05/08/2020

03/08/2020

9.819.819.714,212.57
26/07/2020 to 29/07/2020

26/07/2020

9.329.329.224,080.94
21/06/2020 to 24/06/2020

21/06/2020

9.259.259.153,960.58
14/06/2020 to 17/06/2020

14/06/2020

9.259.259.153,967.31
07/06/2020 to 10/06/2020

07/06/2020

9.229.229.123,953.39
31/05/2020 to 03/06/2020

31/05/2020

9.179.179.074,008.29
22/03/2020 to 25/03/2020

22/03/2020

9.179.179.073,974.96
15/03/2020 to 18/03/2020

15/03/2020

9.279.279.174,129.96
08/03/2020 to 11/03/2020

08/03/2020

9.539.539.434,391.11
01/03/2020 to 04/03/2020

01/03/2020

9.649.649.544,480.23
16/02/2020 to 19/02/2020

16/02/2020

9.609.609.504,564.61
09/02/2020 to 12/02/2020

09/02/2020

9.719.719.614,452.96
02/02/2020 to 05/02/2020

02/02/2020

9.739.739.634,469.66
19/1/2020 to 22/1/2020

19/01/2020

9.589.589.504,149.83
12/1/2020 to 15/1/2020

12/01/2020

9.639.639.634,197.39
5/1/2020 to 8/1/2020

05/01/2020

9.789.789.784,459.29
29/12/2019 to 1/1/2020

29/12/2019

9.809.809.804,418.84
22/12/2019 to 25/12/2019

22/12/2019

9.859.859.854,456.84

Fund

CWT - Community Bank Shariah Fund (CWTCBSF)

Type

Open-ended Growth Mutual Fund

Life and Size of the Fund

Perpetual life and unlimited size

Sponsor

Community Bank Bangladesh Limited

Asset Manager

CWT Asset Management Company Limited (CWTAMC)

TrusteeSandhani Life Insurance Company Limited (SLIC)
CustodianBRAC Bank Limited

Shariah Supervisory Board

The Fund will be managed under Islamic Shariah Law. To ensure that the fund is properly managed under Shariah Law, a supervisory board will be formed, which will work with CWTAMC.

Initial Size of the Fund

BDT 25,00,00,000 (Twenty-Five Crore) divided into 2,50,00,000 (Two Crore and Fifty Lacs) Units of BDT 10 (Ten) each

Face ValueBDT 10 (Ten) per Unit
NatureOpen-ended Growth Mutual Fund with unlimited size
Objective

The objective of CWT - Community Bank Shariah Fund (CWTCBSF) is to provide attractive risk adjusted return to the unit holders by investing the proceeds in Shariah compliant instruments of the capital market and money market.

Minimum Application Amount

BDT 5,000 (Five Thousand) per application (500 Units) for individuals and BDT 1,000 (One Thousand) per application (100 Units) for SIP investors, and BDT 50,000 (Fifty Thousand) per application (5,000 Units) for institutions.

Transparency

NAV will be calculated on a weekly basis and shall be published on the website of the Fund manager (www.cwtamc.com) and as prescribed in the Rule.

Target GroupIndividuals – both resident and non-resident, institutions – both local and foreign, mutual funds and collective investment schemes are eligible to subscribe the Units of the Fund.
Dividend

The Fund shall distribute minimum 50% of the annual net income of the Fund as dividend in Bangladeshi Taka only at the end of each accounting year or as determined by the Commission from time to time. The Fund shall create a dividend equalization reserve to ensure consistency in dividend payout.

Dividend Distribution

The dividend warrant will be distributed within 45 (Forty-Five) working days from the date of declaration.

Tax Benefit

a.   Income from a mutual fund or a unit fund up to BDT 25,000 (twenty-five thousand) is exempted from tax under The Income-tax Ordinance, 1984.

b.   Investment in the unit fund would qualify for investment tax credit under section 44(2) of The Income-tax Ordinance.

c.   The income of the Fund will also be exempted from Tax.

EncashmentThe Unit holders can surrender and can encash their Units to the Asset Manager and through the authorized selling agents appointed by the Asset Manager. The Asset Manager or selling agent shall be liable to re-purchase the Units on behalf of Fund.
TransferabilityThe Units of the Fund are transferable by way of inheritance/gift and/or by specific operation of the law.
Prospectus, Reports and Accounts

Every Unit holder is entitled to receive annual report along with the yearly, half yearly and quarterly statements of accounts as and when published on the Asset Management Company’s website (www.cwtamc.com).

Systematic Investment Plan (SIP) FacilitySystematic Investment Plan or SIP allows investors to invest a certain pre-determined amount at a regular interval (monthly, quarterly, yearly etc.). A SIP is a planned approach towards investments and helps to cultivate the habit of saving and building wealth for the future. Investors can start SIP with a very small amount that is minimum BDT 1,000 (One Thousand).
Cumulative Investment Plan (CIP)Under this scheme, Unit holders might re-invest dividend income accrued thereon for purchasing Unit at a NAV based rate instead of receiving cash dividend.

Fund Registration Certificate

Individual Investor Form

Institutional Investor Form

Surrender Unit Form

Consent Letter

Prospectus

Vetted Draft Prospectus (Abridged Version)

Vetted Draft Prospectus (Full Version)