The profit rate is not interest. It is the key component used to determine the sale price of the Manzil Mortgage Fund's shares .
Profit Rate = Base Rate + Fund's Margin .
- The Base Rate: We use the Government of Canada Bond (GOCB) Rate for a corresponding term as a public, transparent benchmark .
- Fund's Margin: This is the additional percentage we add to the Base Rate to provide the fair, Halal profit to the Fund's investors.
