• HABIB ASSET MANAGEMENT LIMITED

Company Profile

AL Habib Asset Management Limited
(Formerly: Habib Asset Management Limited)

AL Habib Asset Management Limited (AL Habib Funds) 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

15 Sep 2021: AL Habib Asset Management Limited’s (or the "Company") stable market share, experience management team, structured investment decision process and adequate risk management framework. Strong ownership and good governance profile also provide support to the rating. The Company has gained significant market share through aggressive growth in AUMs, which stand at ~PKR 34.2bln in July (Dec 20: ~PKR 25.5bln). The rating reflects the Company's association with Bank AL Habib,... Press Release

Rating Type  Asset Manager

Current
(15-Sep-2021)

Previous
(15-Sep-2020)
 Action  Maintain  Maintain
 AM Rating  AM2  AM2
 Outlook  Stable  Stable
 Rating Watch  -  -

 

MISSION & VISION STATEMENT:

Mission

“To establish AL 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:

 

3rd Floor, MacKinnon’s Building,

I.I. Chundrigar Road,
Karachi-74000, Pakistan
UAN:     +92-21-111-342-242
PABX:   +92-21-32469115-19
FAX:      +92-21-32469120
Web: https://www.habibfunds.com
Email: info@habibfunds.com

 

 

Branch Offices:

Lahore

 
Mezzanine Floor, Plot No. 32 (Comm.)
Block CCA, Lalik Jan Chowk,
DHA Phase II-C, Lahore.
Tel: 042-37199531 & 32
 
Islamabad
 
3rd Floor, Roshan Centre,
78-W, Blue Area, Islamabad
Tel: 051-2344505 & 56

 

 

Auditors

Funds 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

 

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, Askari Islamic Bank & IGI Window Takaful. He is also Chairman of Shariah Advisory Board of Bank AL Habib Limited.

Mobile No.: +92321-2729860

E-mail: ismatpe@gmail.com