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Faysal Islamic Cash Fund

Fund Objective


The Objective of the Fund is to seek maximum possible preservation of capital and a reasonable rate of return via investing primarily in Shariah Compliant money market securities.

Brief Terms of FICF are presented below


Fund Type Open End Fund
Category Shariah Compliant Money Market Scheme
Tenure Prepetual
Risk Profile Low
Stability Rating -
Launch Date August 11, 2020
Benchmark Three (3) months average deposit rates of three
(3) - AA rated Islamic Banks or Islamic windows
of Conventional Banks as selected by MUFAP.
Pricing Mechanism Backward
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.
Front end Load Up to 2% of NAV
Back end Load(As Deferred Sales Load Up to 1% of NAV
Minimum Investment PKR 5,000/-
Trustee Central Depository Company of Pakistan
Auditor A. F. Ferguson & Co.
Legal Advisor Mohsin Tayebaly & Co.
NTN 8268911-8

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


Stable and Halal competitive returns.
Short term cash parking with high liquidity in a Shariah Compliant manner.
Professional management of your savings
Highly liquid investment over short-term period
Frequently dividend units distributed into investor’s account
Easy online Redemption & Conversion facility available
No-lock-in period, withdraw investment at any point without any penalty

Frequently Asked Questions


What is Faysal Islamic Cash Fund?

The Objective of the Fund is to seek maximum possible preservation of capital and a reasonable rate of return via investing primarily in Shariah Compliant money market securities.

What is Fund strategy?

The Strategy of the Fund is to meet liquidity needs of investors by providing investors frequent payout (regular profits) through investments in high quality Shariah Compliant money market instruments.

FICF Termsheet
FICF Brochure

FICF Performance


Year Fund's Annual Yield Benchmark's Annual Yield
FY 2020-21 6.95% 3.38%
FY 2021-22 10.18% 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