NBP Fund Management Limited
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.
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.
|Launch Date||August 13, 2020|
|Fund Size||Rs 4,880 Million as at 31st October 2023|
|Category||Open End – Shariah Complaint Income Fund|
|Risk Profile / Risk of Principal Erosion:||Medium / Principal at Medium Risk|
|Dealing Time||Click here to view|
|Management Fees||6% of Net Income (min: 0.5% p.a., max: 1.25% 1.21% 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 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.
Offer Price: 11.1406 / Redemption: 11.0161