• HABIB ASSET MANAGEMENT LIMITED

    ANALYSIS ON LATEST MARKETING TRENDS

  • HABIB ASSET MANAGEMENT LIMITED

    BENEFIT FROM RETURNS ON DAILY BASIS

Company Profile

Habib Asset Management Limited

Habib Asset Management (HAML) is a financial arm of Bank AL Habib Limited (AA+ rated bank) and Dawood Habib Group Company. Founded in 2005 and licensed by SECP to provide ‘asset management’ and ‘investment advisory’ services.

 

Company Details:

Company Status: MSC-Medium Sized Company.

Regulators: Securities & Exchange Commission of Pakistan (SECP)

Memberships: Mutual Fund Association of Pakistan (MUFAP)

Company CUIN Registration Number: 0052612
Company NTN: 2648356-4
Company Sales tax registration Number: S-2648356-4

 

AMC Rating

26 Dec 2019: The rating reflects the Company's modest market share, adequately structured investment process, reasonably experiencedmanagement, and limited fund slate. The Funds performance was below average considering the fact that majority of the fundscould not meet the benchmark, except for the First Habib Islamic Income Fund. The profitability of the Company remainssubdued due to low revenue and relatively high expenses. The equity base of the Company is ~PKR 177mln at end Sep-19... Press Release

Rating Type  Asset Manager
Current
(26-Dec-2019)
Previous
(27-Jun-2019)
 Action  Maintain  Maintain
 AM Rating  AM3+  AM3+
 Outlook  Stable  Stable
 Rating Watch  -  -

 

MISSION & VISION STATEMENT:

Mission

“To establish Habib Funds as a leading and trusted brand for savings and investments by offering innovative investment solutions, smarter fund management and by offering superior risk-adjusted returns to our investors.”

Vision

“To be a premier Asset Management Company brand that offers creative saving plans with ethical business conduct, value added services and optimal returns, while protecting the interest of all stakeholders.”

 

Main Office:
2nd Floor, Imperial Court Building
Dr. Ziauddin Ahmed Road,
Karachi-75530, Pakistan
UAN:  +92 (21) 111-342-242  (111-DHABIB)
PABX  +92 (21) 522 3701-5
Fax +92 (21) 5223710
Email: info@habibfunds.com

Website: www.habibfunds.com

Branch Office:

F-303, 3rd Floor, Regency Plaza
120-P, M.M. Alam Road,
Gulberg II,
Lahore.
Tel: 042-35755515

 

Office # 10, Ground Floor 61-A,
Saudi Pak Tower, Business Centre,
Jinnah Avenue, Blue Area
Islamabad.
Tel: 051-2800397-98

 

Auditors

Funds Auditors

KPMG Taseer Hadi & Co.
Chartered Accountants
Shiekh Sultan Trust Building No.2,
Beaumont Road, Karachi.

 

AMC 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

 

Legal Advisor

Mohsin Tayebaly & Co.
Barristers & Advocates Corporate Legal Consultants
2nd Floor, Dime Centre, BC-4,
Block-9, Kehkashan, Clifton,
Karachi
Website: www.mtclaw.com.pk
Email: mtc@cyber.net.pk

 

Shariah Advisor

Mufti Ismatullah
PhD in Islamic Economics from University of Karachi. He holds the degrees of “Aalim-e-Deen” and “Takhassus Fil Fiqh” from Jamia Dar-ul-Uloom, Karachi. He has been teaching Quran, Hadith, Fiqh, Philosophy and Arabic Grammar in Dar-ul-Uloom since 1993. Mufti Sahab has a vast experience in issuing Shariah rulings (fatwa) and is currently serving Dar-ul-Ifta’ of Dar-ul-Uloom. So far he has issued about 20,000 Fatwas regarding different topics and Shariah issues. His thesis – Zar (Money) in light of Shariah – is considered as one of the useful researches of Islamic Economics and has already been published. He is a renowned research scholar, his research papers have been published in Monthly “Al Balaagh”. He wrote a book “Guide to Takaful or Islamic Insurance” which has also been published. Mufti Sahab is a member of Shariah Advisory Board of Pak Qatar Takaful Group. He is also Shariah Advisor of Bank Al Habib Limited since 2006.

Mobile No.: +92321-2729860

E-mail: ismatpe@gmail.com