Askari Islamic Income Fund
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Investment Objective :
The objective of the Fund is to provide investors a Shariah compliant product with stable halal income. The fund would target on capitalizing available opportunities in the Shariah compliant income generating instruments with the focus on superior quality portfolio compared with average portfolio quality of Islamic income funds in the industry and enhanced returns.

Strategy :
The Fund would AIM to achieve top quartile performance in its category over a 3 month horizon through active fund management. i.e. shifting between approved asset classes while actively managing risk and return. The fund would capitalize on any market inefficiencies available from time to time.

Why Invest in this Fund :
  • AIIF is an investment solution that complies with the principles of Shariah.
  • AIIF is a professionally managed portfolio that provides higher returns than ordinary Islamic Saving Deposits.
  • AIIF is a source of regular Halal income.

 
 
 

 


Sumaira Shaukat
Fund Manager
Askari Islamic Income Fund


 
   


 


 Investment Committee Members:

Saqib Mukhtar   CEO
Mustafa Kamal   CIO / COO
Mustafa Iqbal   Head of Research
Adeel Shahid   CFO (Acting)
Sumaira Shoukat   Deputy Manager - Fixed Income

Minimum Investment   5,000.00
Sales Load   Up to 1.0% Front End
Up to 1.0% Back End
Management Fee   1.10%
Fund Stability Rating   A+ by JCR-VIS
Management Co,Rating   AM3+ (Stable Outlook) by JCR-VIS
Pricing Mechanism   Forward
Bench Mark   Average 3-month Placement (deposit) rate of 3 Islamic Banks)
Dealing day and cutoff times   Monday-Friday 9:00am to 4:30pm
     

Fund type   Open-End
Category   Shariah Compliant Islamic Income Fund
Fund Launch Date   September 18th, 2009
Risk   Low
Registrar    
Trustee   MCB Financial Services Ltd.
Auditors   KPMG Taseer Hadi & Co.
 
 
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