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 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 |
