NBP Islamic Income Fund

Aaj ki savings banaye apka kal pursakoon...

NBP Islamic Income Fund

Aaj ki savings banaye apka kal pursakoon...

Investment Objective

NBP Islamic Income Fund aims to earn competitive returns in a Shariah Compliant manner that is suitable for investors, seeking competitive returns over medium to long term by investing in Shariah Compliant Debt and Money Market Securities.

About the Fund

NBP Islamic Income Fund (NBP-IIF) is an open-ended Shariah Compliant Income Fund that offers Halal Munafa over your hard-earned savings. The fund offers attractive profits compared to other saving avenues and has no lock in period – you can withdraw your savings at any time without penalty or profit reduction. Your savings in this fund are invested in Sharia Compliant Debt and Money Securities, under supervision of our Shariah Advisory Board.

This makes NBP-IIF a suitable saving solution for your medium to long-term savings, allowing you to earn Halal Munafa with immediate access to your savings anytime anywhere.

Benefits At a Glance

  • Earn Halal Munafa on your idle cash savings
  • Attractive profits compared to other saving avenues
  • No lock-in period – redeem your investment at any time without penalty
  • Instantly transfer up to Rs. 2 Lacs to any bank account through E-Banking Services**
  • Transfer up to 15 Lacs in just 45 minutes to your bank account via Swift Pay***
  • Enjoy wide range of enhanced services through NBP Funds Classic Debit Card
    • Dine in and Shop at thousands of Merchants across Pakistan
    • Withdraw cash 24/7 from any ATM nationwide
  • Manage your savings through NBP Funds Digital smart and easy saving solution (App & Portal)
  • Under the supervision of Shariah Advisory board including Dr. Imran Ashraf Usmani, Mufti Muhammad Naveed Alam & Mufti Ehsan Waquar

Choose this Fund if You Want To

  • Earn Competitive Halal Munafa on your hard-earned savings
  • Grow your medium to long term Savings
  • Keep your savings liquid with immediate access – withdraw anytime without any penalty
Fund Facts
Launch Date August 13, 2020
Fund Size Rs 7,179 Million as at 31st March 2024
Category Open End – Shariah Complaint Income Fund
Risk Profile / Risk of Principal Erosion: Medium / Principal at Medium Risk
Dealing Time Click here to view
Minimum Investment Rs.1000/-
Management Fees 6% of Net Income (min: 0.5% p.a., max: 1.25% 1.12% p.a. of average net assets during the month
Load with Life Insurance: Amount upto Rs.5 million: 3%, Amount over and above Rs.5 million and up to Rs.25 million: 1%, Amount exceeding Rs.25 million, load will be charged on Rs.5 million: 3%
Load under Health Takaful Plan: Amount upto Rs. 4 million: 3%, Amount over and above Rs.4 million and up to Rs.25 million: 1%, Amount exceeding Rs.25 million, load will be charged on Rs. 4 million: 3%
Others: 1% (Nil if greater than 25 million)
Benchmark 6-Month average deposit rate of three A-rated Islamic Banks/Islamic windows of conventional banks as selected by MUFAP
Fund Stability Rating A+ (f) by PACRA
Fund Manager Salman Ahmed, CFA
Asset Management Rating AM1 by PACRA (Very High Quality)

Notes: 1) The calculation of performance does not include cost of front end load. 2) Taxes apply. Disclaimer: All investments in mutual funds are subject to market risks. Past performance is not necessarily indicative of future results. Please read the Offering Document to understand investment policies and the risks involved. The scheme holds certain non-compliant investments. Before making any investment decision, investors should review the latest monthly Fund Manager Report and Financial Statements. The reported returns may include provisioning and reversal of provisioning against some debt securities.


FUND PRICES-NAV (May 22, 2024)


Offer Price: 12.0897 / Redemption: 11.9546