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Overview

PIML – Islamic Income Fund is an open ended Shariah compliant income fund with an objective to provide competitive returns by investing in short to long-term Shariah Compliant fixed income securities.

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.

Fund Strategy

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).

Why Invest in this Fund

  • Convenience of easy entry and exit at any point of time. (dealing hours/days).
  • A fund which aims to provide maximum preservation of capital.
  • A professionally managed fund which consists of trained investment professionals with plenty of market experience to create a carefully selected portfolio of investments, which ensures consistent returns as well as Shariah compatibility.
  • Competitive riba-free halal returns as compared to deposit instrument offered by Islamic banks.
  • The fund invests in Shariah Compliant debt instruments.
  • Avail Tax Credit as per Section 62 of Income Tax Ordinance 2001.

Portfolio

PIML-IIF

Performance

piif-performance

Downloads

BrochureOffering DocumentTrust DeedFinancials

Fund Details

Fund TypeOpen End
CategoryIslamic Income Scheme
Fund Stability RatingA+(f) by PACRA (21st Dec 2016)
Benchmark6 month deposit rate of
three A and above rated
Islamic Banks
Management Co. RatingAM3+ by JCR-VIS (04 May 2016)
Inception Date4th March 2014
Dealing DaysDaily
(days when Banks are open for business)
Cut-off Time5.00 pm
Pricing MechanismForward
Management Fee LoadAssetscurrently Mgt fee is 0.25%
Load2% (Front-end) 0% (Back-end)
Risk ProfileLow to Moderate Risk
ListingPakistan Stock Exchange
LeverageNil
TrusteeCentral Depository Company
of Pakistan Ltd.
AuditorKPMG Taseer Hadi & Co.
Legal AdvisorMohsin Tayebaly & Co.
Minimum InvestmentPKR. 1,000
Fund ManagerKhawar Salman
Shahriah ScholarMufti Irshad Ahmed Ijaz
Shahriah Advisory CoFortune Islamic Services (Pvt) Ltd.

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