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AWT Islamic Income Fund

AWT Islamic Income Fund

Overview

AWT Islamic Income Fund focus on providing investors with a steady stream of Shariah-Compliant income. The fund invest in short term and long term Shariah-Compliant debt instruments like Sukuks which are issued by corporations and government securities such as Ijarah Sukuk. AWT Islamic Income fund also maintains on monthly average at least 25% of its net assets in cash and/or near cash instruments to meet liquidity requirements.

Fund Objective

The investment objective of the Fund is to generate competitive risk adjusted returns by investing in short, medium and long-term Shariah Compliant fixed income instruments

Fund Details
Fund Type Open End
Category Islamic Income Scheme
Inception Date 4th March 2014
Pricing Mechanism Forward
Benchmark 6 month average deposit rates of three (3) A rated scheduled Islamic Banks or Islamic windows of Conventional Banks as selected by MUFAP.
Management Co. Rating AM3++ by PACRA (5th Aug 2021)
Fund Stability Rating A(f) by PACRA (16th April 2020)
Management Fee 0.75%
Load 2% (Front-end) 0% (Back-end)
Risk Profile Low
Listing Pakistan Stock Exchange
Trustee Central Depository Company of Pakistan
Auditor Deloitte Yousaf Adil chartered Accountant
Legal Advisor Rizwan Faiz Associates.
Fund Manager Imran Rahim Khan
Shariah Advisors Mufti Abdul Zahid Farooqi
Minimum Investment PKR. 1000
English English Urdu Urdu