What is Versa Cash-i?
Versa Cash-i is a Shariah-Compliant low-risk cash management fund, which invests in Affin Hwang Aiiman Enhanced i-Profit Fund. The fund is an Islamic money market fund managed by AHAM Capital (formerly known as Affin Hwang Asset Management) and invests in multiple short-term Islamic Fixed Deposits.
You earn when the unit price of the fund increases and it is reflected in your Versa Cash-i balance as you’ll see your balance increase.
With Versa Cash-i, you can
- Save in a Shariah-Compliant Money Market Fund
- Start with a minimum of RM10
- Cash Out anytime, with no penalties
While Versa Cash-i is not protected by PIDM, your assets are safeguarded in a separate trust account under Deutsche Trustees Malaysia Berhad.
Have any questions?
Ask here!