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Overview

PIML Islamic Equity Fund is a Shariah-Compliant equity fund invests mainly in high quality listed equity securities with at least 70% of net assets invested in equity securities. In selecting equity securities, the Fund considers the reputation of the company, Shariah-Compliance, liquidity, profitability, dividend record and prospects of earning growth. The fund also provides liquidity cushion up to 5% of its net assets on monthly average to cater the redemption requests of the unit holders. The fund is duly monitored by the Shariah-Advisors to make sure our investments are in line with Islamic principles of investments.

Fund Objective

The objective of PIML IEF is to achieve long term capital growth by investing mainly in shariah complaint listed equity securities.

Fund Details

Fund TypeOpen End
CategoryIslamic Equity Scheme
Inception Date4th March 2014
Pricing MechanismForward
BenchmarkKMI - 30 Index
Management Co. RatingAM3+ by JCR-VIS (15 Dec 2016)
Management Fee0.75%
Load2% (Front-end) 0% (Back-end)
Risk ProfileLow to Moderate Risk
ListingPakistan Stock Exchange
TrusteeCentral Depository Company
of Pakistan Ltd.
AuditorKPMG Taseer Hadi & Co.
Legal AdvisorMohsin Tayebaly & Co.
Fund ManagerBasharatullah khan
Shahriah AdvisorsAl-Hilal Shariah Advisors (Pvt.) Limited.
Shahriah ScholarMufti Irshad Ahmed Ijaz
Minimum InvestmentPKR. 100
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