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NBP Islamic Savings Fund

Earn Riba Free Munafa with immediate access to your saving Investors earned 5.9% p.a profit in July 2020*

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/Risk Erosion Low/Principal at low risk
Fund Size Rs. 3,939 million as at 31st July 2020
Dealing Time Click here to view
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 Load with Life Takaful:
Amount Up to Rs. 5 million: 3%
Amount over and above Rs. 5 million: 1% (Nil if greater than 50 million)
Load without Life Takaful:
1% (Nil if greater than 50 million)
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 2020 was 5.0% p.a. Since inception return from 26-Oct-07 till 31-Jul-20 was 7.0% p.a. vs. benchmark return of 5.7% p.a. Last one year return till 31-Jul-20 was 10.5% p.a vs benchmark return of 6.3%p.a. Returns for fiscal year 2020, 2019, 2018, 2017 and 2016 were 10.9% , 8.5% , 5.1% , 5.4% , 7.4% respectively vs benchmark returns of 6.3% , 3.7% , 2.4% , 3.9% , 4.8% .; Notes: 1) The calculation of performance does not include cost of front end load. 2) Taxes apply. Further, tax credit also available as per section 62 of the Income Tax Ordinance, 2001; 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 30, 2020)

NBP ISLAMIC SAVINGS FUND

Offer Price: 9.779 / Redemption: 9.6697