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.
Central Depository Company of Pakistan Limited
99-B, Block 'B' , S.M.C.H.S, Main Shahra-e-Faisal
Tel: (021) 111-111-500, 4326012
Help Desk: (021) 0800-CDCPL (23275)
Fax: (021) 4326005
Website : www.cdcpakistan.com.pk
Email : email@example.com
JWAFFS REGISTRAR SERVICES (PVT.) LTD.
Kashif Centre,Room No 505, 5th Floor,
near Hotel Mehran, Shahrah-e-Faisal,
Fax: (92-21) 35643873
Ernst & Young Ford Rhodes Sidat Hyder
Beaumont Road, Karachi.
Website : www.ey.com/pakistan
Email : firstname.lastname@example.org
Initial & Subsequent Subscription
First Habib Islamic Balanced Fund