AL Habib Islamic Saving Fund (AHISAVF)

Overview

AL Habib Islamic Saving Fund (AHISAVF) is an open-ended Shariah Compliant Income Scheme, which provides unit-holders risk adjusted medium term returns consistent with a broadly diversified portfolio of medium and short term high quality Shariah Compliant fixed income instruments.

Major portion of investments comprises of bank deposits in highly rated Islamic Banks or Islamic Window of Conventional banks.

Investment Objective

The investment objective is to provide competitive risk adjusted returns to its investors by investing in a diversified portfolio of long, medium and short term shariah compliant deby instruments while taking into account liquidity considerations.

For Investors Seeking

- Shariah compliant shory to medium term invome and capital growth

- Capital Preservation

- Tax rebate upto 20% as per section 62 of income Tax Ordinance 2001

- Managed by professional & experienced Fund Manger

- No lock-in period, no penalty on withdrawals

- Easy to encash

- No entry / exit charges

Fund Type/Catagory Open-ended Shariah Compliat Income Scheme
Benchmark Average of the six months profit rates of three Islamic Banks/licensed Islamic Banking window of conventional banks having long term credit rating of A or higher, as selected by MUFAP
Risk Profile Medium (Principal Erosion at Medium Risk)
Pricing Mechanism Backward pricing (Known Pricing)
Minimum Subscription

Initial Investment of Rs. 5,000/-

Subsequently Rs. 1,000/- per transaction.

Allocation of Units On Realizing of Funds