• HABIB ASSET MANAGEMENT LIMITED

    BUILDING A BRIDGE TO YOUR FUTURE

  • HABIB ASSET MANAGEMENT LIMITED

    ANALYSIS ON LATEST MARKETING TRENDS

  • HABIB ASSET MANAGEMENT LIMITED

    BENEFIT FROM RETURNS ON A DAILY BASIS

  • HABIB ASSET MANAGEMENT LIMITED

    AN INVESTMENT THAT PROSPERS

First Habib Islamic Balanced Fund

To be converted into FIRST HABIB ISLAMIC STOCK FUND w.e.f. 01-April-2017

Fund Short Name: FHIBF Launched on November, 09 2012

This is an open-ended Shriah Complaint Balanced Scheme. The objective of the Fund is to provide medium to long term capital growth and regular income by investing in Shariah complaint equity and debt securities. The Fund invests primarily in Shariah compliant listed shares, Sukuks / Ijara Sukuks and other Shariah complaint instruments permitted by the Shariah Advisor of the Fund.

Investment Avenues & Restrictions

As per SECP's Circular No: 07 of 2009 dated March 06, 2009

  • Listed equity securities, Government securities, cash in bank accounts, money market placement, deposits, shariah compliant certificate of deposits (COD), certificate of Musharakas (COM), TDRs, commercial Papers and Sukuks
  • Net assets ranging between 30% to 70% shall remain invested in listed equity securities at all the times. The scheme may sell in the cash-settled future markets against a position held in the underlying security, however, minimum 30% non-hedged exposure in listed equity securities shall be maintained at all the times. 
  • The remaining net assets shall be invested in the authorized investments as specified in the constitutive documents of the scheme.
  • Rating of any debt security in the portfolio shall not be lower than A- (A minus)
  • Rating of any bank and DFI with which funds are placed should not be lower than A-( A minus)
  • Rating of any NBFC and Modaraba with which funds are placed should not be lower than A-(A minus)
  • Weighted average time to maturity of non-equity shall not exceed 02 years.

The scheme shall invest their assets only in Shariah Compliant securities both equity and non equity as authorized by the Shariah Advisor.

Trustee

Central Depository Company of Pakistan Limited

CDC House,
99-B, Block 'B' , S.M.C.H.S, Main Shahra-e-Faisal
Karachi-74400
Tel: (021) 111-111-500, 4326012
Help Desk: (021) 0800-CDCPL (23275)
Fax: (021) 4326005
Website : www.cdcpakistan.com.pk
Email : info@cdcpak.com

Registrar

JWAFFS REGISTRAR SERVICES (PVT.) LTD.

Kashif Centre,Room No 505, 5th Floor,
near Hotel Mehran, Shahrah-e-Faisal,
Karachi (Pakistan)
Tel: 35643871-72,
Fax: (92-21) 35643873
E-mail: jwaffs@live.com

Auditors

Ernst & Young Ford Rhodes Sidat Hyder
Chartered Accountants
Progressive Plaza,
Beaumont Road, Karachi.
Website : www.ey.com/pakistan
Email : frsh.khi@pk.ey.com

Initial & Subsequent Subscription

Fund Name Initial Subscription Subsequent
First Habib Islamic Balanced Fund Rs. 1000/- Rs. 100/-

 

ANNOUNCEMENTS:

Announcement of interim Distribution for the year ending June 30, 2017 of First Habib Income Fund  CLICK THIS TO READ -----------------

Online Services are available at HAML WEB PORTAL -----------------

Fund Manager's Reports are available at FMR -----------------

Please find the Distribution history at DISTRIBUTION