Chat with us, powered by LiveChat

Toll Free: 0800-20002

NBP Islamic Savings Fund

(Formerly NAFA Islamic Income Fund)
Earn Riba Free Munafa with immediate access to your saving Investors earned 10.4% p.a profit in July 2019*

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***
    • Free 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.
  • Save up to 20% of your taxes subject to conditions as per section 62 of income tax ordinance 2001

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 Low to Medium
Fund Size Rs. 2,597 million as at July 31st, 2019
Dealing Time Mon – Thr: 9:00 A.M to 5:00 P.M
Friday: 9:00 A.M to 5:30 P.M
Minimum Investment Growth units – Rs.10000/-
Income units -Rs.100,000/-
Management Fees 6% of Net Income (min: 0.5% p.a., max: 1.0% p.a.)
Load Front End Load (Individual): 1% without life Takaful, 3% with life Takaful. (Nil on investment above Rs. 26 million)
Front End Load (Other): 1% (Nil on investment above Rs. 16 million)
Back End load: Nil
Fund Stability Rating “A-(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 Muhammad Ali Bhabha, CFA, FRM
Asset Management Rating AM1 by PACRA (Very High Quality)

*Benchmark return during July 2019 was 5.4% p.a. Since inception return from 26-Oct-07 till 31-Jul-19 was 6.7% p.a. vs. benchmark return of 5.7% p.a. Last one year return till 31-Jul-19 was 9.1% p.a vs benchmark return of 3.9%p.a. Returns for fiscal year 2019, 2018, 2017, 2016 and 2015 were 8.5% , 5.1% , 5.4% , 7.4% , 9.2% respectively vs benchmark returns of 3.7% , 2.4% , 3.9% , 4.8% , 6.6%. **Terms & Conditions Apply. ***Maximum limit is Rs. 15 Lakh or 80% of investment balance in a fund whichever is lower. Time may vary in case of unforeseen events or due to any other technical reason. This facility will be available as per the transaction timings on NBP Funds website; 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 (Sep 13, 2019)

NBP ISLAMIC SAVINGS FUND (FORMERLY: NAFA ISLAMIC INCOME FUND)

Offer Price: 9.848 / Redemption: 9.738