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Faysal Islamic Savings Growth Fund

Multiply your good deeds

Funds Overview

Faysal Islamic Savings Growth Fund an open end mutual fund, seeks to provide maximum possible preservation of capital and a reasonable rate of return via investing in Shariah Compliant money market and debt securities having good credit quality rating and liquidity.

Brief Terms of FISGF are presented below

Fund Type Open End Fund
Category Shariah Compliant Income Scheme
Tenure Prepetual
Risk Profile Medium
Stability Rating A+(f) (VIS)
Launch Date June 14, 2010
Benchmark Six months average deposit rates of three A
rated scheduled Islamic Banks or Islamic
windows of conventional Banks
Pricing Mechanism Forward
Management Fee Management Company shall be entitled to an
accrued remuneration equal to an amount not
exceeding 1.5% 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.
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 3621447-7

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

100% Shariah based Islamic Income Fund.
No minimum holding period of investment
Encashment without any penalty
Portfolio assets with good credit Quality, having minimum instrument rating of A-
Flexible Income Frequency option (refer to offering document)
Invest with as low as PKR 5,000/-
Exemption from Zakat on submission of Affidavit

FISGF Performance

Year Fund's Annual Yield Benchmark's Annual Yield
FY 2009-10 9.04% 7.70%
FY 2010-11 10.33% 8.85%
FY 2011-12 11.24% 8.7%
FY 2012-13 8.28% 7.30%
FY 2013-14 7.65% 6.92%
FY 2014-15 8.22% 6.61%
FY 2015-16 5.50% 4.68%
FY 2016-17 5.30% 3.11%
FY 2017-18 4.42% 2.44%
FY 2018-19 7.85% 3.69%
FY 2019-20 10.69% 6.33%
FY 2020-21 6.75% 3.56%
FY 2021-22 8.50% 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 Fund Manager
Mr. Mohammed Hunain, CFA Head of Research
Mr. Khurram Salman Head of Compliance and Internal Audit
Mr. Imad Ansari Head of Risk