Faysal Asset Management Limited: About Us

FAML brings together the collective financial expertise and investment experience of Islamic Investment Company of Gulf, with its extensive global fund management experience, Faysal Bank Limited, one of Pakistan’s premier commercial bank and AKD Securities Private Limited, one of Pakistan’s leading financial services firm. The joint venture partners have international expertise of managing funds in diversified markets around the globe.

FAML has a strong management team, a research based investment structure and a proven track record of outperforming its benchmark since its inception. A dedicated research team for each fund works under the supervision of internal investment committee, which is headed by the CEO. Due to these inherent strengths of the company, JCR-VIS has upgraded FAML’s Management Quality Rating to AM3+ (good quality management).

DMI operates through its principal subsidiary IICG. DMI flagship companies include its associate Ithmaar Bank B.S.C. which has fully owned subsidiaries Shamil Bank of Bahrain B.S.C., Faisal Private Bank( Switzerland ) , Faysal Bank Limited (Pakistan) and Ithmaar Development Company ( IDC). The group is well entrenched in the business capitals of the Middle East and has sound long-term business relations with the prestigious corporate business houses in the region.

IICG was incorporated as a limited liability company in the commonwealth of Bahamas in 1989. IICG has established a strong a network spanning 4 continents with 7 subsidiaries with Funds Under Management of over US $1.6 billion at 31 December 2007. IICG’s activities are principally to act as manager,on a trustee basis , a series of investment funds in accordance with Islamic laws and principles. IICG has developed expertise in real estate fund management and has floated a series of Modarabas for investment mainly in US real estate over the last few years. It has also extended the real estate investments into Europe, Canada and the Kingdom of Saudi Arabia through flotation of various Modarabas .

IICG participates in structured trade finance deals through open-ended Modaraba funds with deals in the Kingdom of Saudi Arabia, UAE, Egypt, Turkey, Pakistan, Korea, Malaysia, UK and USA. IICG Management Information Systems is well equipped with the latest state of art Information Technology and strong Financial Control functions to support asset management and clients. Investment funds are offered to the public through a network of 27 Marketing Offices located in the Kingdom of Saudi Arabia, United Arab Emirates and Egypt catering to over 28,000 clients.

Faysal Bank Limited is a full service banking institution offering consumer, corporate and investment banking facilities to its customers. The Bank’s widespread and growing network of branches in the four provinces of the country and Azad Kashmir, together with its corporate offices in major cities, provides efficient services in an effective manner.

The strength and stability of Faysal Bank Limited is evident through the Credit Rating assigned by JCR-VIS Credit Rating Company Limited of “AA” (Double A) for long to medium term and “A-1+” (A One Plus) for short term.

The majority share holding of Faysal Bank Limited is held by Ithmaar Bank B.S.C an investment bank listed in Bahrain.

assembled a core team of expert professionals with a high level of integrity, financial acumen and industry experience that have helped evolve AKD into one of the most professional and innovative firms in its business class.

In addition to being the largest stockbroker with a 20% share of average daily turnover, AKD has been a leading force for innovation in Pakistan’s capital markets. It has broken new ground not only in on-line trading and venture capital via its division AKD Trade and subsidiary TMT Ventures, but is also known for Pakistan’s first ever securitization deal, the largest TFC issue and the biggest M&A transaction in Pakistan’s history.

In fund management AKD has had a joint venture with NIT (National Investment Trust, Pakistan’s largest fund manager), Pak Kuwait and Meezan Bank. AKD is also one of the leaders in providing and raising funds for risk capital. AKD takes particular pride in its venture capital fund (TMT-PKIC Incubation Fund) - hallmark of the inherent innovative edge at AKD. TMT-PKIC is the only VC fund in Pakistan providing risk venture capital to telecom, media and technology companies.