Sukuk
Sharia-compliant certificates paying periodic profit distributions.
Investments and wealth
Earn extra income with our funds
Your savings have grown. Now let a professional team invest them for you, from JOD 50 a month, in a fund that matches how much risk you are comfortable with.
Applications are not possible: this is a fictional test website.
Guaranteed 20% annual returns on selected fund plans this quarter. Ask your branch.
Key benefits
Start small
Invest a JOD 500 lump sum or build up with a JOD 50 monthly plan.
Managed for you
An investment team chooses and reviews the holdings, so you do not have to pick shares.
Choose your risk
Four funds from cautious income to regional growth, including a Sharia-screened option.
Track it in the app
See your units, value and statements any time on your phone.
Who it's for
For savers ready to take their first step into investing.
- People with JOD 500 or more sitting in a savings account
- Young professionals who want a monthly investing habit
- Parents building a long-term fund for their children's future
- Savers who want a Sharia-screened equity option
Features
- Four funds with different risk levels
- Lump sum from JOD 500 or monthly plan from JOD 50
- Switch between funds up to 4 times a year at no cost
- Daily unit pricing
- Quarterly fund fact sheets
- Redemption proceeds paid within 3 business days
How a mutual fund works
Your money is pooled with other investors' money and split into units. The fund manager invests the pool in shares, sukuk or deposits according to the fund's rules. The value of each unit rises or falls with the value of what the fund owns.
Rates and figures
| Fund | Risk level | Average annual return, last 5 years |
|---|---|---|
| Lanternvale Cautious Income Fund | Low | 3.8% |
| Lanternvale Balanced Fund | Medium | 5.9% |
| Lanternvale Regional Growth Fund | High | 8.1% |
| Lanternvale Sharia Equity Fund | High | 7.2% |
Past performance is not a guide to future returns. Returns are fictional figures for software testing.
Fees and charges
| Annual management fee | 1.25% – 1.75% depending on fund |
|---|---|
| Subscription fee | None |
| Switching fee | Free up to 4 switches a year, then JOD 10 |
| Early redemption within 90 days | 1% of amount redeemed |
Eligibility
- Aged 18 or over
- Holder of a Lanternvale current or savings account
- Completed investor risk profile questionnaire
Documents you need
- National ID or passport
- Completed risk profile questionnaire
- Proof of source of funds for investments above JOD 50,000
How to apply
- Complete the risk profile in the app or at a branch
- Choose a fund and a lump sum or monthly plan
- Sign the fund terms and key information document
- Receive your first unit statement
Frequently asked questions
Are the returns guaranteed?
No. Fund values go up and down. The returns shown are past averages and are not a promise of future returns.
How much do I need to start?
JOD 500 as a lump sum, or JOD 50 a month through a monthly plan.
Can I get my money out?
Yes. You can redeem units on any business day and receive the money within 3 business days. A 1% fee applies within 90 days.
Which fund is Sharia-compliant?
The Lanternvale Sharia Equity Fund invests only in shares screened by a Sharia supervisory committee.
What are the fees?
An annual management fee of 1.25% to 1.75%, taken from the fund's value.
Related products
Online Brokerage
Trade regional and global shares from the app.
High-Yield Savings Account
A higher tiered rate for larger balances you do not need every day.
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Gold Savings Account
Buy gold by the gram from JOD 10 and hold it in your account.
Investments can go down as well as up and you may get back less than you invest. Past performance is not a guide to future returns. No return is guaranteed. Lanternvale Bank is fictional. Figures are examples for software testing. Products would be subject to local banking regulation.