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Overview

AWT Islamic Income Fund focus on providing investors with a steady stream of Shariah-Compliant income. The fund invest in short term and long term Shariah-Compliant debt instruments like Sukuks which are issued by corporations and government securities such as Ijarah Sukuk. AWT Islamic Income fund also maintains on monthly average at least 25% of its net assets in cash and/or near cash instruments to meet liquidity requirements.

Fund Objective

The investment objective of the Fund is to generate competitive risk adjusted returns by investing in short, medium and long-term Shariah Compliant fixed income instruments.

Past Performance


 

 

 

 

 

 

 

 

 

 

 

Fund Details

Fund TypeOpen End
CategoryIslamic Income Scheme
Inception Date4th March 2014
Pricing MechanismForward
Benchmark6 month average deposit rates of three (3) A rated scheduled Islamic Banks or Islamic windows of Conventional Banks as selected by MUFAP.
Management Co. RatingAM3+ by VIS (18 Jan 2019)
Fund Stability RatingA(f) by PACRA (14th July 2017)
Management Fee0.75%
Load2% (Front-end) 0% (Back-end)
Risk ProfileLow to Moderate Risk
ListingPakistan Stock Exchange
TrusteeCentral Depository Company
of Pakistan Ltd.
AuditorEY
Legal AdvisorRizwan Faiz Associates
Fund ManagerImran Rahim Khan
Shariah AdvisorsMufti Abdul Zahid Farooqi
Minimum InvestmentPKR. 100

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