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 Ended |
| Category | Shariah Compliant Asset Allocation Scheme |
| Risk Profile | High |
| Stability Rating | 4-Star 1 year Ranking- by PACRA updated on 26-Sep-2017 |
| Launch Date | September 09, 2015 |
| Custodian/Trustee | Central Depository Company of Pakistan (CDC) |
| Auditor | A.F.Ferguson & Co. |
| Management Fee | Management Company shall be entitled to an accrued remuneration equal to an amount not exceeding 2% of Average Annual Net Assets, with in allowed expense ratio limit. |
| Front end Load | Up to 3% of NAV |
| Back end Load | 0% |
| Min Subscription | PKR.5,000/- |
| Benchmark | KMI- 30 Index/6M Deposit rate for A & above rated Islamic Banks |
| Pricing Mechanism | Forward |
| AMC Rating | AM2 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
| Year | Dividend Payout | Fund's Annual Yield | Benchmark's Annual Yield |
|---|---|---|---|
| FY 2015-16 | Nil | -4.02% | 14.45% |
| FY 2016-17 | 18.50% | 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. Khaldoon Bin Latif | Chief Executive Officer |
| Mr. Ayub Khuhro | Chief Investment Officer |
| Mr. Faisal Ali Khan | CFO and Company Secretary |
| Mr. Muhammad Akbar Latif Khan | Head of Research |
| Mr. Khurram Salman | Head of Compliance and Internal Audit |
| Mr. Mohammad Qasim | Head of Risk Management |
