Halogen Shariah Bitcoin Fund (HSBF): A Shariah-Compliant Investment Opportunity for Institutional and Corporate Clients
In a groundbreaking move, Halogen Capital, a pioneering fund manager in Malaysia, has launched the Halogen Shariah Bitcoin Fund (HSBF), the world’s first Shariah-compliant unit trust fund designed to provide institutional-quality exposure to Bitcoin. This innovative fund is specifically tailored to meet the needs of institutional and corporate clients seeking a comprehensive governance structure for their digital assets, ensuring compliance with Shariah principles.
Investment Objectives
HSBF aims to provide long-term capital appreciation by investing substantially in Bitcoin traded on DAXs (Digital Asset Exchanges) registered with the Securities Commission Malaysia (SC) or other trading platforms approved by the SC’s Shariah Advisory Council. The fund will invest at least 70% of its net asset value (NAV) in Bitcoin, with the remaining 30% allocated to Shariah-compliant sukuk, Islamic money market instruments, and Islamic deposits.
Shariah Compliance
HSBF operates under the guidelines of the SC’s Shariah Advisory Council and is endorsed by Amanie Advisors, a well-known Shariah adviser in Malaysia. The fund’s Shariah compliance is ensured through a robust framework that screens investments to ensure they meet Shariah principles. This includes avoiding investments in companies involved in activities prohibited by Islamic law, such as gambling, alcohol, and pork.
Investment Structure
HSBF is a unit trust fund, a traditional and familiar investment structure for institutional and corporate clients. The fund’s assets are held with institutional-grade global crypto custodians, providing secure and segregated storage of Bitcoin. The fund’s trustee ensures that the assets are held in accordance with Shariah principles, further enhancing its Shariah compliance.
Minimum Investment and Fees
The minimum investment amount for HSBF is RM10,000, with a minimum additional investment amount of RM1,000. The fund’s management fee is capped at 1.50% per annum, with a performance fee of up to 0.04% per annum (excluding foreign custodian fees and charges).
Comparison to Other Investment Options
HSBF offers a unique investment opportunity for institutional and corporate clients seeking Shariah-compliant exposure to Bitcoin. Unlike trading directly on DAXs, which may require significant expertise and resources, HSBF provides a managed fund solution that eliminates the need for clients to manage their own private keys or worry about the complexities of cryptocurrency trading.
Conclusion
The Halogen Shariah Bitcoin Fund (HSBF) is a pioneering investment product that addresses the growing demand for Shariah-compliant digital asset investment opportunities. By providing a Shariah-compliant unit trust fund structure, HSBF offers institutional and corporate clients a secure and convenient way to gain exposure to Bitcoin, while ensuring compliance with Shariah principles. With its robust governance structure, secure asset custody, and competitive fees, HSBF is an attractive option for investors seeking to diversify their portfolios with Shariah-compliant digital assets.
Additional Information
For more information on Halogen Shariah Bitcoin Fund (HSBF), please visit the Halogen Capital website or contact their authorized distributors, institutional unit trust advisors, financial advisers, and financial planners nationwide.