AGIIF seeks to provide a stable return to its Unit holders through a combination of current income and long-term capital appreciation, consistent with low investment risk, in a Shariah compliant manner.
The investment objective of AGIIF is to minimize risk, construct a liquid portfolio of Shariah approved fixed income instruments and provide competitive returns to Unit holders. The fund management team ensures the active implementation of prudent investment practices, the highest professional standards, and compliance will all applicable laws.
|Category||Islamic Income Scheme|
|Fund Type||Open Ended|
|Benchmark||Six (6) months average deposit rates of three (3) A rated scheduled Islamic Banks or Islamic windows of Conventional Banks as selected by MUFAP|
|Launch Date||December 3, 2009|
|Management Fee||10% of the Gross Earnings subject to a minimum fee of 0.25% of average daily Net Assets and maximum fee of 1.5% of average Annual Net Assets|
|Minimum Initial Investment||PKR 500|
|Minimum Subseq. Investment||PKR 100|
|Trustee||Central Depository Company Pak Limited|
|Auditor||A. F. Ferguson & Co.|
|Listing||Pakistan Stock Exchange|
|Dealing Days||Monday – Friday|
|Cut-off Time||9:00 a.m. – 4:00 p.m.|