Q: What is Khuttati -My plan?
A: - Khuttati - My Plan is an investment product developed by Abu Dhabi Islamic Bank PJSC (ADIB). It offers ADIB customers the opportunity to invest fixed amounts monthly in Shari'a-compliant Mutual Funds.
Q: What is the minimum investment amount?
A: AED 1,000 or USD equivalent
Q: How can I subscribe to or redeem Khuttati-My plan through ADIB?
A: To subscribe to or redeem products, please visit our Gold Center in person. You will need to complete the necessary procedures, which include reading and signing various required documents.
Q: When will I receive the proceeds if my redemption application is successfully submitted?
A: After your redemption application is successfully submitted, it may take up to 10 working days following the relevant mutual fund settlement date for the proceeds to be credited to your account.
Q: I am 17 years old; can I invest in the Khuttati-My plan product?
A: No, the minimum age for investors is 18 years.
Q: Are there any fees when I redeem my investment amount?
A: No.
Q: What are the risks associated with investing in the Khuttati-My plan?
A: The risks include:
Risk of Investment Amount: The Mutual Funds are subject to the possible loss of the Customer's Investment Amount. The value of any investment generated gains is not guaranteed and will fluctuate over time
Foreign Exchange Risk: ADIB Khuttati - My Plan may be negatively affected by foreign exchange risk as most of the Mutual Funds are denominated in foreign currencies.
Forward Pricing Basis: The Net Asset Value of the Mutual Funds quoted is indicative as it is determined after, not before, respective market(s) close for the trading day.
Other Risks: In addition to the specific risks stated above, ADIB Khuttati - My Plan may be impacted by other legal and regulatory factors and the general outlook of the Mutual Fund manager›s selected investments and related industry
