CAL Launches Islamic Money Market Fund

Shariah-compliant investment solution offers daily liquidity and transparent returns

Thursday, 5 March 2026 10:26 - - {{hitsCtrl.values.hits}}

Capital Alliance Limited (CAL), Sri Lanka's leading investment bank, has launched the CAL Islamic Money Market Fund, a Shariah-compliant money market fund. The open-ended investment scheme provides retail and corporate investors with ethical, compliant exposure to money-market instruments screened under approved Shariah principles.

The fund invests exclusively in products that are overseen by committees that ensure they are Shariah compliant .

Investment Focus

The CAL Islamic Money Market Fund invests exclusively in Shariah-compliant instruments with a maturity period of less than 397 calendar days, including:

Listed corporate Sukuk
Shariah-compliant commercial papers issued by listed or rated corporate entities
Asset-backed Shariah-compliant securities issued by listed or rated corporate entities
Savings and term deposits on the basis of Mudarabah, Wakala, or other Shariah-compliant structures approved by the Shariah Advisory Committee

All investments under Shariah-compliant commercial papers and asset-backed securities are made in issuers with a minimum rating of BBB- and above.

Key Features

The fund offers several distinctive features designed for accessibility and convenience:

Low entry requirement enabling easy access for retail and corporate investors
Anytime redemptions with no penalties, ensuring full liquidity
Instant redemptions up to LKR 100,000 for emergency liquidity and treasury management
Real-time investor portal visibility showing unit balance, returns, portfolio mix, and transaction history
Online creation and redemption through the portal with no paperwork required
Daily return updates credited daily and visible on the portal for transparent performance tracking
Flexible profit structures catering to varying investor needs
Reputed custodian oversight with fund assets safeguarded by Hatton National Bank (HNB)

Regulatory Framework

The fund is fully regulated under the Securities and Exchange Commission of Sri Lanka (SEC), subject to the rules of the CIS Code promulgated by the Commission.

Accessing the Fund

Existing CAL Unit Trust account holders can add the Islamic Money Market Fund to their portfolio through the investor portal. New investors can select the fund when creating their account.

About Capital Alliance Limited

Capital Alliance Limited is a leading investment bank in Sri Lanka with over 25 years of experience across asset management, stockbroking, treasuries, corporate finance, and wealth management. CAL is committed to providing innovative investment solutions that meet the evolving needs of Sri Lankan investors.

For more information, visit cal.lk or contact the CAL investment team.