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.
Fund Type | Open End |
Category | Islamic Income Scheme |
Inception Date | 4th March 2014 |
Pricing Mechanism | Forward |
Benchmark | 6 month average deposit rates of three (3) A rated scheduled Islamic Banks or Islamic windows of Conventional Banks as selected by MUFAP. |
Management Co. Rating | AM3+ by VIS (18 Jan 2019) |
Fund Stability Rating | A(f) by PACRA (14th July 2017) |
Management Fee | 0.75% |
Load | 2% (Front-end) 0% (Back-end) |
Risk Profile | Low to Moderate Risk |
Listing | Pakistan Stock Exchange |
Trustee | Central Depository Company of Pakistan Ltd. |
Auditor | EY |
Legal Advisor | Rizwan Faiz Associates |
Fund Manager | Imran Rahim Khan |
Shariah Advisors | Mufti Abdul Zahid Farooqi |
Minimum Investment | PKR. 100 |