NBP Islamic Savings Fund

Earn Riba Free Munafa with immediate access to your saving Investors earned 17.8% p.a profit in October 2023*

NBP Islamic Savings Fund

Earn Riba Free Munafa with immediate access to your saving Investors earned 17.8% p.a profit in October 2023*

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. 4,244 million as at 31st October 2023
Dealing Time Click here to view
Minimum Investment Initial Investment: Rs. 1,000/-
Subsequent Investment: Rs. 100/-
Management Fees 8% of Net Income (min: 0.5% p.a., max: 1.5% p.a. of Net Assets) w.e.f 10-Jan-20, 1.50% 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 October 2023 was 10.2% p.a. Since inception return from 26-Oct-07 till 31-Oct-23 was 7.8% p.a. vs. benchmark return of 5.5% p.a. Last one year return till 31-Oct-23 was 16.7% p.a vs benchmark return of 7.2% 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 (Dec 07, 2023)


Offer Price: 10.6953 / Redemption: 10.3446