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NBP Islamic Money Market Fund

(Formerly NAFA Islamic Money Market Fund)
Investors earned 10.2% p.a profit in April 2020*

Investment Objective

NBP Islamic Money Market Funds (NMMF) provides you competitive return with maximum possible capital preservation by investing in low risk and liquid Shariah Compliant authorized instruments.

About the Fund

NBP Islamic Money Market Fund (NIMMF) is an open-ended Shariah Compliant Money Market Fund which offers its investors attractive, regular & stable profits compared to other saving options. The Fund invests in short term, highly liquid and low-risk Shariah-compliant investment avenues with an intent to preserve your capital. The Fund has no lock-in period & you can invest your short-term savings/ income in this Fund.

Benefits At a Glance

  • Attractive profits compared to other saving options.
  • Invest your savings to meet your short-term goals smartly
  • No- Lock-in period, withdraw investment at any point without any penalty
  • Under the supervision of Shariah Supervisory Board including Dr. Imran Ashraf Usmani, Mufti Muhammad Naveed Alam & Mufti Ehsan Waquar.
  • Very low-interest rate risk with less than 90 days weighted average maturity
  • No- Lock-in a period, withdraw your savings at any point without any penalty
  • Optional Life and Accidental Takaful Coverage of up to Rs. 50 lacs (Terms & Conditions Apply).
  • Avail up to 20% tax savings on your investment subject to conditions as per section 62 of Income Tax Ordinance 2001

Choose this Fund if You Want To

  • Invest your short term savings to earn attractive, regular & stable profit stream
  • Earn Shariah Complaint return
  • Keep your investment liquid and withdraw it any time without penalty
Fund Facts
Launch Date February 28, 2018
Category Open End Shariah Compliant Money Market Fund
Fund Size Rs. 3,445 million as at 30th April 2020
Dealing Time (Mon-Thurs) 9:00AM to 5:00PM
(Friday) 9:00AM to 5:30PM
(Saturday) 9:00AM to 1:00PM
Risk Profile Very Low
Management Fees 1% of Net Income (Min 0.1% p.a., Max 1.0% p.a.)
Load Front End Load: 0.5%
Back End Load: NIL
Fund Stability Rating “AA (f)” by PACRA
Benchmark Three months average deposit rates of three (3) AA rated Islamic Banks or Islamic windows of Conventional Banks as selected by MUFAP.
Fund Manager Muhammad Ali Bhabha, CFA, FRM
Minimum Subscription Growth Unit: Rs.10000/-
Income Unit: Rs.100,000/-
Asset Management Rating AM1 by PACRA (Very High Quality)

* Benchmark return during April 2020 was 5.5% p.a. Since inception return from 28-Feb-18 till 30-Apr-20 was 9.3% p.a. vs. benchmark return of 4.1% p.a. Last one year return till 30-Apr-20 was 12.3% p.a vs benchmark return of 5.3%p.a. Return for fiscal year 2019 was 8.1% vs benchmark return of 3.4% .; 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

FUND PRICES-NAV (Jul 03, 2020)


Offer Price: 10.0973 / Redemption: 10.0406