Faysal Islamic Asset Allocation Fund
Raise the bar with Halal earnings
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 Type | Open End Fund |
| Category | Shariah Compliant Asset Allocation Scheme |
| Tenure | Prepetual |
| Risk Profile | High |
| Launch Date | September 9, 2015 |
| Benchmark | Weighted 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 Mechanism | Forward |
| Management Fee | Management Company shall be entitled to an accrued remuneration equal to an amount not exceeding 2% of Average Annual Net Assets, within allowed expense ratio limit. |
| Front end Load | Up to 2% of NAV |
| Back end Load | Nil |
| Minimum Investment | PKR 5,000/- |
| Trustee | Central Depository Company of Pakistan |
| Auditor | A. F. Ferguson & Co. |
| Legal Advisor | Mohsin Tayebaly & Co. |
| NTN | 7137157-4 |
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
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
FIAAF Performance
| Year | Fund's Annual Yield | Benchmark's Annual Yield |
|---|---|---|
| FY 2015-16 | -4.02% | 14.45% |
| FY 2016-17 | 23.04% | 15.40% |
| FY2018-19 | -19.46% | -13.17% |
| FY2019-20 | 10.89% | 4.48% |
| FY 2020-21 | 8.33% | 3.56% |
| FY 2021-22 | 9.89% | 3.34% |
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. 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 | Sr. Fund Specialist - Fixed Income |
| Mr. Mohammed Hunain, CFA | Head of Research |
| Mr. Khurram Salman | Head of Compliance and Internal Audit |
| Mr. Imad Ansari | Head of Risk |
