NBP Islamic Savings Fund

Earn Riba Free Munafa with immediate access to your saving Investors earned 20.3% p.a profit in March 2024*

NBP Islamic Savings Fund

Earn Riba Free Munafa with immediate access to your saving Investors earned 20.3% p.a profit in March 2024*

Investment Objective

NBP Islamic Savings Fund aims to earn a reasonable rate of return in a Shariah Compliant manner by investing in Shariah Compliant Debt securities, Money Market instruments and Bank Deposits.

About the Fund

NBP Islamic Savings Fund (NBP-ISF) is an open-ended Shariah Compliant income fund in which you earn halal munafa over your idle cash saving. The fund offers attractive profits compared to other saving avenues and has no lock in period – you can withdraw your savings whenever you want without penalty or any profit reduction. Your savings in this fund are invested in Money Market instruments, Bank Deposits and Debt securities, as per guidelines approved by our Shariah Supervisory Board.

This makes NBP-ISF a perfect saving solution for your short-term savings, allowing you to earn Halal Munafa with immediate access to your savings.

Benefits At a Glance

  • Earn Halal Munafa on your idle cash savings
  • Attractive profits compared to other saving avenues
  • Avail optional life and accidental takaful coverage of up to Rs. 50 Lacs (Terms & Conditions Apply)
  • No lock-in period – redeem your investment at any time without penalty
    • Instantly transfer up to Rs. 200,000/- to any bank account through IBFT**
    • Transfer cash in just 45 minutes to your bank account via Swift Pay***
    • ATM/Debit card to withdraw your savings from anywhere in Pakistan
  • 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 Riba Free Munafa on your idle cash savings
  • Keep your savings liquid with immediate access – withdraw anytime without penalty
  • Avail online transfer & ATM/Debit card facility to meet your cash requirements
Fund Facts
Launch Date October 26, 2007
Category Open End – Shariah Complaint Income Fund
Risk Profile/Risk Erosion Moderate/Principal at Moderate risk
Fund Size Rs. 10,037 million as at 31st March 2024
Dealing Time Click here to view
Minimum Investment Initial Investment: Rs. 1,000/-
Subsequent Investment: Rs. 100/-
Management Fees 3.30% of Net Income (min: 0.5% p.a., max: 1.5% p.a. of Net Assets) w.e.f 19-Jan-24, 0.69% of average net assets during the month
Load 0% to 3%
Fund Stability Rating “AA-(f)” by PACRA
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)

* Benchmark return during March 2024 was 11.2% p.a. Since inception return from 26-Oct-07 till 31-Mar-24 was 8.1% p.a. vs. benchmark return of 5.7% p.a. Last one year return till 31-Mar-24 was 19.5% p.a vs benchmark return of 9.0% p.a. Returns for fiscal year 2023, 2022, 2021, 2020 and 2019 were 14.6% , 9.2% , 5.7% , 10.9% , 8.5% respectively vs benchmark returns of 6.0% , 3.3% , 3.6% , 6.3% , 3.7% .; 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 17, 2024)

NBP ISLAMIC SAVINGS FUND

Offer Price: 9.912 / Redemption: 9.5870

Daily Dividend Announcement
Fund Name Date Per Unit Dividend (Rs.)
NBP ISLAMIC SAVINGS FUND 16-May-2024 0.0053
NBP ISLAMIC SAVINGS FUND 15-May-2024 0.0053
NBP ISLAMIC SAVINGS FUND 14-May-2024 0.0053
NBP ISLAMIC SAVINGS FUND 13-May-2024 0.0053
NBP ISLAMIC SAVINGS FUND 10-May-2024 0.0053
NBP ISLAMIC SAVINGS FUND 09-May-2024 0.0053
NBP ISLAMIC SAVINGS FUND 08-May-2024 0.0053
NBP ISLAMIC SAVINGS FUND 07-May-2024 0.0053
NBP ISLAMIC SAVINGS FUND 06-May-2024 0.0053
NBP ISLAMIC SAVINGS FUND 03-May-2024 0.0053
NBP ISLAMIC SAVINGS FUND 02-May-2024 0.0053
NBP ISLAMIC SAVINGS FUND 30-Apr-2024 0.0053
NBP ISLAMIC SAVINGS FUND 29-Apr-2024 0.0053
NBP ISLAMIC SAVINGS FUND 26-Apr-2024 0.0053
NBP ISLAMIC SAVINGS FUND 25-Apr-2024 0.0053
NBP ISLAMIC SAVINGS FUND 24-Apr-2024 0.0053
NBP ISLAMIC SAVINGS FUND 23-Apr-2024 0.0053
NBP ISLAMIC SAVINGS FUND 22-Apr-2024 0.0053
NBP ISLAMIC SAVINGS FUND 19-Apr-2024 0.0053
NBP ISLAMIC SAVINGS FUND 18-Apr-2024 0.0053
NBP ISLAMIC SAVINGS FUND 17-Apr-2024 0.0053
NBP ISLAMIC SAVINGS FUND 15-Apr-2024 0.0053
NBP ISLAMIC SAVINGS FUND 09-Apr-2024 0.0053
NBP ISLAMIC SAVINGS FUND 08-Apr-2024 0.0053
NBP ISLAMIC SAVINGS FUND 05-Apr-2024 0.0053
NBP ISLAMIC SAVINGS FUND 04-Apr-2024 0.0053
NBP ISLAMIC SAVINGS FUND 03-Apr-2024 0.0053
NBP ISLAMIC SAVINGS FUND 02-Apr-2024 0.0053
NBP ISLAMIC SAVINGS FUND 01-Apr-2024 0.0053
NBP ISLAMIC SAVINGS FUND 29-Mar-2024 0.0053
NBP ISLAMIC SAVINGS FUND 28-Mar-2024 0.0053
NBP ISLAMIC SAVINGS FUND 27-Mar-2024 0.0053
NBP ISLAMIC SAVINGS FUND 26-Mar-2024 0.0053
NBP ISLAMIC SAVINGS FUND 25-Mar-2024 0.0053
NBP ISLAMIC SAVINGS FUND 22-Mar-2024 0.0053
NBP ISLAMIC SAVINGS FUND 21-Mar-2024 0.0053
NBP ISLAMIC SAVINGS FUND 20-Mar-2024 0.0053
NBP ISLAMIC SAVINGS FUND 19-Mar-2024 0.0053
NBP ISLAMIC SAVINGS FUND 18-Mar-2024 0.0053
NBP ISLAMIC SAVINGS FUND 15-Mar-2024 0.0053
NBP ISLAMIC SAVINGS FUND 14-Mar-2024 0.0053
NBP ISLAMIC SAVINGS FUND 13-Mar-2024 0.0053
NBP ISLAMIC SAVINGS FUND 11-Mar-2024 0.0053
NBP ISLAMIC SAVINGS FUND 08-Mar-2024 0.0053
NBP ISLAMIC SAVINGS FUND 07-Mar-2024 0.0053
NBP ISLAMIC SAVINGS FUND 06-Mar-2024 0.0053
NBP ISLAMIC SAVINGS FUND 05-Mar-2024 0.0053
NBP ISLAMIC SAVINGS FUND 04-Mar-2024 0.0053
NBP ISLAMIC SAVINGS FUND 01-Mar-2024 0.0111
NBP ISLAMIC SAVINGS FUND 29-Feb-2024 1.2239
NBP ISLAMIC SAVINGS FUND 23-Jun-2023 1.3579
NBP ISLAMIC SAVINGS FUND 28-Jun-2022 0.8669
NBP ISLAMIC SAVINGS FUND 25-Jun-2021 0.5359
NBP ISLAMIC SAVINGS FUND 26-Jun-2020 1.0323
NBP ISLAMIC SAVINGS FUND 24-Jun-2019 0.7927