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Overview

PIML – Islamic Equity Fund is a Shariah compliant equity fund that aims to achieve long term capital growth by investing mainly in Shariah Compliant listed equities.

Fund Objective

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

Fund Strategy

PIML Islamic Equity Fund optimizes investment returns with at least 70 percent in shariah compliant listed equity securities during the year based on quarterly average investments calculated on daily basis. The remaining assets are invested in current and saving deposits in shariah compliant banks and licensed Islamic banking windows of conventional banks and short term government securities and cash and near cash instruments having maturity not more than 90 days.

Why Invest in this Fund

  • Ideal fund for investors who are seeking a Riba Free Munafa through investing in to the Pakistan’s equity market (KMI).
  • Suitable for investors who want a portfolio, those adhere to Islamic principles.
  • PIML IEF invests in equities with strong fundamentals and good long-term prospects.
  • Active Fund Management.
  • Have the desire to earn consistent & high returns in long run minimizing the effects of inflation.
  • Avail Tax Credit as per Section 62 of Income Tax Ordinance 2001.

Portfolio

PIML-IEF

Performance

ief-performance

Downloads

BrochureOffering DocumentTrust DeedFinancials

Fund Details

Fund TypeOpen End
CategoryIslamic Equity Scheme
Fund Performance Ranking3 Star by PACRA (7th Dec 2016)
BenchmarkKMI - 30 Index
Management Co. RatingAM3+ by JCR-VIS (04 May 2016)
Inception Date4th March 2014
Dealing DaysDaily
(days when Banks are open for business)
Cut-off Time4.00 pm
Pricing MechanismForward
Management Fee Load2% p.a.
Load2% (Front-end) 0% (Back-end)
Risk ProfileModerate to High
ListingPakistan Stock Exchange
LeverageNil
TrusteeCentral Depository Company
of Pakistan Ltd.
AuditorKPMG Taseer Hadi & Co.
Legal AdvisorMohsin Tayebaly & Co.
Minimum InvestmentPKR. 1,000
Fund ManagerSadaf Rasheed
Shahriah ScholarMufti Irshad Ahmed Ijaz
Shahriah Advisory CoFortune Islamic Services (Pvt) Ltd.

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