Shariah Compliant Money Market Scheme

chat
Ask Fund Manager
Sending

Alhamra Islamic Money Market Fund (Formerly: MCB Pakistan Frequent Payout Fund)

WHAT IS Alhamra Islamic Money Market Fund (Formerly: MCB Pakistan Frequent Payout Fund)?

Alhamra Islamic Money Market Fund (Formerly: MCB Pakistan Frequent Payout Fund) is a Shariah Compliant Money Market Scheme which aims to provide investors with reasonable rate of return.

Investment Objective

The Objective of the Fund is to provide a reasonable rate of return with a maximum possible capital preservation by investing primarily in liquid Shariah Compliant money market securities.

Who should invest?

Investors with higher priority in liquidation are encouraged to invest in ALHIMMF.

Benefits/Features:

  • Actively managed by experienced fund managers.
  • A team of CFA qualified experts managing funds and investment decisions
  • Snag a larger tax refund with tax credit benefit. Use our tax saving calculator to find out how much you can save

Quick Facts

Launch Date 16th November 2015
Converted into Shariah Compliant Islamic Money Market Fund with effective from 21st August 2020
Fund Type An Open End Scheme
Currency PKR
Minimum Investment 500 /-
Fund Manager Awais Abdul Sattar, CFA
Asset Manager Rating AM1 (AM One) by PACRA (6-Oct-2020)
Pricing Mechanism Backward
Listing Pakistan Stock Exchange
Trustee MCB Financial Services Limited
Auditor Yousuf Adil Chartered Accountants
Benchmark Three months average deposit rates of three (3) AA rated Islamic Banks or Islamic windows of Conventional Banks as selected by MUFAP.

Latest Expense ratio of the Fund is updated in the FMR (Fund Manager’s Report).