Faysal Halal Amdani Fund (FHAF)
Riba free way to manage liquidity
Fund Objective
The objective of Faysal Halal Amdani Fund is to provide competitive rate of return with maximum possible preservation of capital by investing in liquid and low risk Shariah Compliant bank deposits, money market & debt securities
Brief Terms of FHAF are presented below
| Fund Type | Open Ended |
| Pricing Mechanism | Backward |
| Stability Rating | AA(f) |
| Category | Shariah Compliant Money Market Scheme |
| Management Fee | Management Company shall be entitled to an accrued remuneration equal to an amount not exceeding 1% of Average Annual Net Assets, within allowed expense ratio limit. Management shall disclose actual rate of management fee charged as percentage of net assets of collective investment scheme in monthly Fund Manager Report. |
| Minimum Investment | PKR 5,000/- |
| Front/Back End Load | FEL up to 2% of NAV & BEL 0% |
| Risk Profile | Low |
| Benchmark | Three (3) months average deposit rates of three (3) AA rated Islamic Banks or Islamic windows of Conventional Banks as selected by MUFAP. |
| Trustee | Central Depository Company of Pakistan Limited |
| Shariah Advisor | Mufti Abdul Zahid Farooqi |
| Auditor | A.F Ferguson & Co. |
| Back Office Accounting Services | IT Minds Limited |
| NTN | 6543376-7 |
All investments in mutual funds are subject to market risks. Past performance is not necessarily indicative of future results. Please read the Offering Documents to understand the investment policies,
risks involved and tax implications. Performance data does not include cost incurred by investor in the form of sales load. All returns/figures are annualized, net of sales load and all fees including management fee
Key Benefits
Shariah Compliant Riba Free Investment and Halal Returns
Encashment without any penalty
Competitive returns as compared to the Shariah Compliant bank deposit
Parking avenue for short-term Halal investments
Provides safe and stable stream of Halal income
No minimum holding period of investment
Frequently Asked Questions
What is Faysal Halal Amdani Fund?
The objective of Faysal Halal Amdani Fund is to provide competitive rate of return with maximum possible preservation of capital by investing in liquid and low risk Shariah Compliant bank deposits, money market & debt securities
Who can Invest?
This Product Is Suitable For Investors Who Are Seeking:
• Attractive returns through Shariah compliant money market scheme
• Shariah complaint Riba free investment with Halal profit
What is plan strategy?
The strategy of the Fund is to provide investors with a safe and stable stream of Halal return on their investments by investing in low risk and short term shariah compliant instruments.
FHAF Performance
| Year | Fund's Annual Yield | Benchmark's Annual Yield |
|---|---|---|
| FY 2019-20 | 10.78% | - |
| FY 2020-21 | 6.78% | 3.41% |
| FY 2021-22 | 10.12% | 3.67% |
Investment Committee
| Mr. Khaldoon Bin Latif | Chief Executive Officer |
| Mr. Ayub Khuhro | Chief Investment Officer |
| Mr. Faisal Ali Khan | Chief Financial Officer |
| Syed Shahid Iqbal | Head of Fixed Income |
| Mr. Mustajab Alam | Fund Manager |
| Mr. Mohammed Hunain, CFA | Head of Research |
| Mr. Khurram Salman | Head of Compliance and Internal Audit |
| Mr. Imad Ansari | Head of Risk |
