Faysal Sharia Capital Preservation Plan
The “Faysal Sharia Capital Preservation Plan” is an Islamic Plan under “Faysal Sharia Planning Fund” with an objective to earn a potentially competitive return through dynamic asset allocation between Islamic income/Money market, Islamic equity Collective Investment Scheme and Islamic Banks deposit by using CPPI methodology, while aiming to providing Capital Preservation of the Initial Investment Value at maturity of the plan based on the Fund Manager’s outlook on the assets classes.
Brief Terms of CPPI are presented below
|Fund Type||Open Ended|
|Category||Sharia Compliant Fund of Funds Scheme|
|Initial Maturity||Two years|
|IPO Date||19th and 20th June 2019|
|Management Fee||1.5% on AUM or if investment made in CIS Underlying Fund fee will be applicable|
|Minimum Investment||PKR 1,000/|
|Trustee||Central Depository Company of Pakistan Limited (CDC)|
|Front end Load||Up to 3%|
|Contingent load||For First Year 2%For Second Year 1%|
|Risk Profile||Low to Moderate|
|Benchmark||Weighted average return of KMI 30 index and 6-months deposit rate of 3 (Three) A or above rated Islamic Banks/ Islamic Banking Window of scheduled commercial banks selected by MUFAP based on actual proportion of investment in Islamic equity Scheme and/ or Islamic Income Scheme component made by the allocation plan.|
|Sharia Advisor||Mufti Abdul Zahid Farooqi|
|Auditor||EY Ford Rhodes|
Aiming to provide 100% capital preservation upon maturity of the plan
Shariah Compliant Riba free investment
Capital Growth Opportunity
Hassle-free portfolio diversification
Upto 50% exposure in Shariah Compliant equity based on the market outlook while preserving capital
Proactive management of risk and return, by a professional team of experts
Exemption from Zakat on submission of Affidavit
Tax benefit as per Section 62 of ITO 2001
Frequently Asked Questions
What is Sharia Capital Preservation Plan?
Fund of Fund Scheme with an objective to earn a potentially competitive return through dynamic asset allocation between Islamic income, Islamic equity based Collective Investment Schemes and sharia compliant bank deposits by using CPPI methodology, while aiming to providing Capital Preservation of the Initial Investment Value at maturity of the plan based on the Fund Manager’s outlook on the assets classes
Who can Invest?
This Product Is Suitable For Investors Who Are Seeking:
• Attractive returns through Shariah compliant equity participation along with Principal Preservation
• Proactive management and focused strategy to minimize risk through CPPI Methodology.
• Shariah complaint riba free investment with Halal profit
What if I want to take out my amount within 2 years duration?
Yes you may redeem your amount anytime however Contingent Load will be charged 2% for first year and 1% for second year.
What is plan strategy?
The strategy of the plan is to provide capital preservation while giving an opportunity to investors to take equity exposure. The strategy employed by the management would be to essentially generate steep returns from the equity market without exposing the
investors to primary risk of equity market. Investors with minimum 2 years view is expected to benefit from this investment strategy.
|Mr. Khaldoon Bin Latif||CEO|
|Mr. Ayub Khuhro||CIO|
|Mr.Syed Shahid Iqbal||Sr. Fund Specialist - Fixed Income|
|Mr. Furqan Miriwala||Head of Compliance & Internal Audit (Non-voting)|
|Mr. Mohammad Qasim||Manager Risk|