Plan Objective
The primary objective of Faysal Islamic Special Income Plan – I is to provide competitive risk adjusted returns to its investors by investing in a diversified portfolio of long, medium and short term Shariah Compliant instruments while taking into account liquidity considerations.
Brief Terms of FISIP-I are presented below
| Fund Name | Faysal Islamic Special Income Fund |
| Underlying Plan | Faysal Islamic Special Income Plan - I |
| Fund Type | Open End |
| Category | Shariah Compliant Income Scheme |
| Tenure | Prepetual |
| Risk Profile | Medium |
| Launch Date | June 20, 2022 |
| Benchmark | The benchmark of FISIP-I shall be the Six (6) months average deposit rates of three (3) A rated scheduled Islamic Banks of Islamic windows of conventional banks as selected by MUFAP. |
| Pricing Mechanism | Forward |
| Management Fee | Up to 2% |
| Front end Load | Up to 2% |
| Back end Load | Not Applicable |
| Minimum Investment | PKR 10/- |
| Minimum Subsequent Investment | PKR 25/- |
| Shariah Advisor | Mufti Abdul Zahid Farooqi |
| Trustee | Central Depository Company of Pakistan |
| Auditor | A. F. Ferguson & Co. |
| Legal Advisor | Mohsin Tayebaly & Co. |
| Back Office Accounting Services | IT Minds Limited |
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
Professional Management of your savings
Investors who are looking for competitive and stable returns
Easy Online redemption & Conversion Facility Available
Perfect investment avenue to invest your short term and long term Savings
Frequently Asked Questions
Faysal Islamic Special Income Plan-I Strategy
The Strategy of Faysal Islamic Special Income Plan I is to meet the liquidity needs of investors with an aim to bring stable and competitive returns through an actively managed exposure in short and long-term shariah compliant instruments.
FISIP-I Performance
| Year | Fund's Annual Yield | Benchmark's Annual Yield |
|---|---|---|
| FY 2021-22 | 13.14% | 4.00% |
Investment Committee
| Mr. Khaldoon Bin Latif | Chief Executive Officer |
| Mr. Faisal Ali Khan | Chief Financial Officer |
| Mr. Ayub Khuhro | Chief Investment Officer |
| Syed Shahid Iqbal | Head of Fixed Income |
| Mr. Mohammed Hunain, CFA | Head of Research |
| Mr. Imad Ansari | Head of Risk |
| Mr. Khurram Salman | Head of Compliance and Internal Audit (non-voting) |
