Alfalah GHP Islamic Income Fund

Investment Objective:

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.

Fund Details
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
Pricing Forward Day
Sales Load 1.%
Risk Profile Low
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.

Ratings

Fund Rating
A+ (f) by PACRA

Asset Manager Rating
AM2+ by PACRA

Characteristics

  • Low risk
  • High liquidity
  • Potentially steady returns
  • Ideal for cash management in a Shariah compliant manner
  • Tax benefits

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