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.
PIML Islamic Income Fund optimizes investment returns by investing in short to long-term Shariah Compliant Government Securities, sukuks issued by corporate, cash and near cash instruments which include cash in accounts of Islamic Banks and licensed Islamic Banking windows of conventional Banks (excluding TDRs).
|Fund Type||Open End|
|Category||Islamic Income Scheme|
|Fund Stability Rating||A+(f) by PACRA (21st Dec 2016)|
|Benchmark||6 month deposit rate of
three A and above rated
|Management Co. Rating||AM3+ by JCR-VIS (04 May 2016)|
|Inception Date||4th March 2014|
(days when Banks are open for business)
|Cut-off Time||5.00 pm|
|Management Fee Load||Assetscurrently Mgt fee is 0.25%|
|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||KPMG Taseer Hadi & Co.|
|Legal Advisor||Mohsin Tayebaly & Co.|
|Minimum Investment||PKR. 1,000|
|Fund Manager||Khawar Salman|
|Shahriah Scholar||Mufti Irshad Ahmed Ijaz|
|Shahriah Advisory Co||Fortune Islamic Services (Pvt) Ltd.|