Investment Solutions

As a Mashreq Gold client, experience a wide selection of investment products and wealth management solutions that are tailor-made to meet your financial needs.

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Understanding your risk profile

Before we discuss investment solutions, it is important to understand your investment experience and your appetite for risk. We can then build a financial plan specific to your financial needs and objectives.
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FAQ

Mashreq Bank uses multiple custodians to safekeep your securities for which we charge a nominal fee. We call this a safekeeping fee. Mashreq Gold safekeeping fees are applicable from the 1st of February 2023.

Safekeeping charges on Equities, Exchange Traded Funds and Fixed Income Securities will be 0.25% p.a. of the value of assets under custody calculated on the average balance of assets under custody, are accrued daily and charged quarterly. VAT applicable over and above these charges.

The following types of investments have safekeeping fees:
1. Global Equities 2. Bond/Sukuks 3. Perpetual 4. Treasury Bills 5. Mutual Funds 6. Fixed Maturity Plans 7. Conventional Certificate of Deposits 8. Islamic Certificate of Deposits 9.Structured Notes

Safekeeping fees are charged four times a year in:
1. April (for January – March) 2. July (for April – June) 3. October (for July – September) 4. January of the following year (for October – December)
Please be reminded to have enough funds in your account so that your account does not get overdrawn on the settlement date of the safekeeping fees.

Safekeeping fees are calculated daily and then accumulated for each quarter of the year. The following formula is generally applied: 1. Daily Safekeeping Fee = [(Day-end Quantity) x (Day-end Price) x (Safekeeping Fee Rate) x (Daily FX Rate to USD) (as applicable)] / 365 2. Add up the daily safekeeping fees in a quarter to get the total amount of safekeeping fees that is chargeable for the past 3 months.

Asset Class

Investment Amount
(AUM, in USD equivalent)

Accrued Daily Fee

Charged Quarterly Fee
(e.g. 90 days in a Quarter)

Equities

USD 500,000

500,000 x 0.25% / 365 = USD 3.42

3.42 x 90 = USD 308.22

Fixed Income (Bonds/Sukuks)

USD 1,000,000

1,000,000 x 0.25% / 365 = USD 6.84

6.84 x 90 = USD 616.43

Total AUM

USD 1,500,000

 

USD 924.65

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