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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 Term Sheet
FISIP-I Brochure

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)