Faysal Islamic Asset Allocation Fund

Funds Overview


The objective of Faysal Islamic Asset Allocation Fund (FIAAF) is to earn competitive riba free return by investing in various Shariah compliant asset classes/instruments based on the market outlook and may easily change allocation to take advantage of directional macro and micro economic trends and undervalued stocks.

Brief Terms of FIAAF are presented below


Fund TypeOpen Ended
CategoryIslamic Asset Allocation Fund
Risk ProfileModerate to High
Stability Rating
Launch DateSeptember 09, 2015
Custodian/TrusteeCentral Depository Company of Pakistan (CDC)
AuditorEY Ford Rhodes
Management Fee2.0% per annum
Front end LoadUp to 3% of NAV
Back end Load0%
Min SubscriptionPKR.5,000/-
BenchmarkWeighted Average Daily Return of KMI-30 Index and Six (6) Month Deposit Rate of A and above rated Islamic Banks or Islamic windows of Scheduled Commercial Banks based on the Fund’s actual proportion in the Equity and Income / Money Market securities.
Pricing MechanismForward
AMC RatingAM3+(JCR-VIS)

Key Benefits


Earn Riba free –Halal returns
No minimum holding period for investors
Open end fund structure - ease of entry & exit (in part or whole)
Proactive portfolio rebalancing to harness optimal asset allocation among equity, fixed income & money market asset classes
Opportunity to track escalating equity market returns in times of rapidly growing economy
Portfolio engineered to manage risk while maintaining liquidity
Encashment without any plenty
Start your investment as low as Rs.5000/-
Hassle free portfolio diversification through a single investment scheme
Avail tax benefits as per section 62 income tax ordinance 2001

FIAAF Performance


YearDividend PayoutFund's Annual YieldBenchmark's Annual Yield
FY 2015-16 Nil-4.02%14.45%
FY 2016-1718.50%23.04%15.40%

Investment Objective & Strategy


In line with its investment objectives, funds will be invested in Sukuks, Shariah Compliant Participation Term Certificates, Certificates of Investment, Bank Deposits, Placement of funds under Mudarabah, Murabaha and Musharikah, Istisna’a and Ijara arrangements and any other securities or instruments that may be permitted by the Commission and the Shariah Council.

Investment Committee

Mr. Razi Ur Rahman KhanCEO
Mr. Ayub KhuhroCIO
Mr. Saif HassanFund Manager (Equity)
Ms. Sania AwanActing Head of Research
Mr. Syed Shahid IqbalSR. Fund Specialist - Fixed Income

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