Alternatively, management may act as an agent (وكيل) for investors. In that case, it can receive a pre-agreed fee for services.
The fee may be a lump sum, monthly or annual amount, and the contemporary view described also allows a fee based on a percentage of the fund’s net asset value (NAV).
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Equity Funds: Purification and Fund Management
Alternatively, management may act as an agent (وكيل) for investors. In that case, it can receive a pre-agreed fee for services.
The fee may be a lump sum, monthly or annual amount, and the contemporary view described also allows a fee based on a percentage of the fund’s net asset value (NAV).