Rated AM1 by VIS & PACRA

Alfalah Islamic Money Market Fund

Prosperity aligned with principles
Disclaimer
Fund Stability Rating: “AA(f)” by PACRA 07-Mar-25 | Fund Category: Shariah Complaint Money Market Scheme. For fund categories, returns including any unusual performance, ratings, and other information, please read the latest Fund Manager Report. This publication is for informational purposes only and nothing herein should be construed as a solicitation, recommendation, or an offer to buy or sell any fund. All investments in mutual funds are subject to market risks. Past performance is not necessary indicative of future results, please read the Offering Document to understand the investment policies and risks involved. All returns are calculated assuming reinvested dividends. Performance data does not include the cost-incurred directly by an investor in the form of sales load etc.
Funds Rating:
AA(f) by PACRA

Characteristics

Cash Management
Cash Management

Ideal for cash management in a Shariah compliant manner

Investment Objective

The investment objective of the Fund is to generate regular and stable returns by investing primarily in Shariah Compliant Banks and windows of conventional Banks and any other Shariah compliant money market instruments.

Fund Details

Category

Shariah Complaint Money Market

Fund Type

Open Ended

Benchmark

90% three (3) months PKISRV rates + 10% three (3) months average of the highest rates on savings account of three (3) AA rated scheduled Islamic Banks or Islamic Windows of Conventional Banks as selected by MUFAP.

Launch Date

April 14, 2023

Par Value

PKR 100/-

Pricing

Backward Day

Sales Load

Up to 2.00%

Front End Load

Up to 2.00%

Back End Load

Nil

Risk Profile

Low

Management Fee

Up to 1.5% per annum of the average daily net assets of the scheme

Minimum Initial Investment

PKR 500/-

Minimum Subseq. Investment

PKR 100/-

Trustee

CDC Pakistan Limited

Auditor

Yousuf Adil Chartered Accountants

Listing

Pakistan Stock Exchange

Dealing Days

Monday to Friday

Cut-off Time

9:00 am to 4:00 pm

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