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NBP Islamic Daily Dividend Fund

Now Earn Halal Profits Daily!

Investment Objective

To provide competitive return along with daily dividend by investing in Shariah Compliant money market instruments.

About the Fund

NBP Islamic Daily Dividend Fund (NIDDF) is an open-ended Shariah Compliant Money Market Fund which will distribute income (dividend) on a daily basis, making it an ideal saving solution for investors who wish to earn dividend income on their savings.

NIDDF invests in low risk and highly liquid Shariah compliant money market instruments with an intent to not only preserve your capital but also provide you with the freedom to easily withdraw your savings at any time without any profit reduction or penalty. Same day redemption facility is also offered in this fund.*

Benefits At a Glance

  • Daily distribution of Income (dividend)
  • Highly liquid savings avenue to invest your idle cash
  • Professional Fund Management with proven track record
  • Easy access to your savings – withdraw anytime without any penalty or profit reduction
  • Option of same day redemption*
  • Up to 20% Tax Credit as per applicable laws**

 

Choose this Fund if You Want To

  • Earn Halal Competitive Returns with daily distribution of dividend
  • Keep your savings Liquid – withdraw anytime without penalty
  • Avail option of Same Day redemption*
Selling & Marketing Expense0.4% P.a

Fund Facts
Pre IPO Start DateOctober 25, 2019
Launch (IPO) DateNovember 01, 2019
CategoryOpen End Shariah Compliant Money Market Fund
Dealing Time(Mon-Fri) 9:00AM to 12:30PM
Risk ProfileVery Low
Management Fee***1% of Net Income (Min 0.1% p.a., Max 1.0% p.a. of net assets)
Load***Front End Load: Up to 0.5% – One time at the time of investment
Early exit feeNil
BenchmarkThree months average deposit rates of three (3) AA rated Islamic Banks or Islamic windows of Conventional Banks as selected by MUFAP
Fund ManagerMuhammad Ali Bhabha, CFA
Minimum InvestmentRs. 10,000/-
Asset Management RatingAM1 by PACRA (Very High Quality)

*Terms & Conditions Apply; **Subject to conditions as per section 62 of the Income Tax ordinance, 2001; ***Taxes apply as per applicable income tax Law; Disclaimer: All investments in mutual funds are subject to market risks. The investors are advised in their own interest to carefully read the contents of the Offering Document in particular the Investment Policies mentioned in Clause 2 and Risk Factors mentioned in Clause 2.4 and Warnings in clause 9 before making any investment decision. Past performance is not necessarily indicative of the future results.

FUND PRICES-NAV (Feb 17, 2020)

NBP ISLAMIC DAILY DIVIDEND FUND

Offer Price: 10.0565 / Redemption: 10.0000

Daily Dividend Announcement
Fund NameDatePer Unit Dividend (Rs.)
NBP Islamic Daily Dividend FundFebruary 17, 20200.0033
NBP Islamic Daily Dividend FundFebruary 16, 20200.0034
NBP Islamic Daily Dividend FundFebruary 15, 20200.0034
NBP Islamic Daily Dividend FundFebruary 14, 20200.0034
NBP Islamic Daily Dividend FundFebruary 13, 20200.0033
NBP Islamic Daily Dividend FundFebruary 12, 20200.0034
NBP Islamic Daily Dividend FundFebruary 11, 20200.0033
NBP Islamic Daily Dividend FundFebruary 10, 20200.0034
NBP Islamic Daily Dividend FundFebruary 09, 20200.0033
NBP Islamic Daily Dividend FundFebruary 08, 20200.0033
NBP Islamic Daily Dividend FundFebruary 07, 20200.0034
NBP Islamic Daily Dividend FundFebruary 06, 20200.0034
NBP Islamic Daily Dividend FundFebruary 05, 20200.0034
NBP Islamic Daily Dividend FundFebruary 04, 20200.0034
NBP Islamic Daily Dividend FundFebruary 03, 20200.0034
NBP Islamic Daily Dividend FundFebruary 02, 20200.0034
NBP Islamic Daily Dividend FundFebruary 01, 20200.0034
NBP Islamic Daily Dividend FundJanuary 31, 20200.0035
NBP Islamic Daily Dividend FundJanuary 30, 20200.0034
NBP Islamic Daily Dividend FundJanuary 29, 20200.0035
NBP Islamic Daily Dividend FundJanuary 28, 20200.0033
NBP Islamic Daily Dividend FundJanuary 27, 20200.0033
NBP Islamic Daily Dividend FundJanuary 26, 20200.0034
NBP Islamic Daily Dividend FundJanuary 25, 20200.0035
NBP Islamic Daily Dividend FundJanuary 24, 20200.0035
NBP Islamic Daily Dividend FundJanuary 23, 20200.0034
NBP Islamic Daily Dividend FundJanuary 22, 20200.0035
NBP Islamic Daily Dividend FundJanuary 21, 20200.0035
NBP Islamic Daily Dividend FundJanuary 20, 20200.0034
NBP Islamic Daily Dividend FundJanuary 19, 20200.0031
NBP Islamic Daily Dividend FundJanuary 18, 20200.0031
NBP Islamic Daily Dividend FundJanuary 17, 20200.0038
NBP Islamic Daily Dividend FundJanuary 16, 20200.0038
NBP Islamic Daily Dividend FundJanuary 15, 20200.0037
NBP Islamic Daily Dividend FundJanuary 14, 20200.0034
NBP Islamic Daily Dividend FundJanuary 13, 20200.0036
NBP Islamic Daily Dividend FundJanuary 12, 20200.0037
NBP Islamic Daily Dividend FundJanuary 11, 20200.0038
NBP Islamic Daily Dividend FundJanuary 10, 20200.0038
NBP Islamic Daily Dividend FundJanuary 09, 20200.0037
NBP Islamic Daily Dividend FundJanuary 08, 20200.0037
NBP Islamic Daily Dividend FundJanuary 07, 20200.0037
NBP Islamic Daily Dividend FundJanuary 06, 20200.0038
NBP Islamic Daily Dividend FundJanuary 05, 20200.0047
NBP Islamic Daily Dividend FundJanuary 04, 20200.0048
NBP Islamic Daily Dividend FundJanuary 03, 20200.0048
NBP Islamic Daily Dividend FundJanuary 02, 20200.0049
NBP Islamic Daily Dividend FundJanuary 01, 20200.0037
NBP Islamic Daily Dividend FundDecember 31, 20190.0038
NBP Islamic Daily Dividend FundDecember 30, 20190.0037
NBP Islamic Daily Dividend FundDecember 29, 20190.0038
NBP Islamic Daily Dividend FundDecember 28, 20190.0037
NBP Islamic Daily Dividend FundDecember 27, 20190.0038
NBP Islamic Daily Dividend FundDecember 26, 20190.0037
NBP Islamic Daily Dividend FundDecember 25, 20190.0037
NBP Islamic Daily Dividend FundDecember 24, 20190.0037
NBP Islamic Daily Dividend FundDecember 23, 20190.0037
NBP Islamic Daily Dividend FundDecember 22, 20190.0037
NBP Islamic Daily Dividend FundDecember 21, 20190.0036
NBP Islamic Daily Dividend FundDecember 20, 20190.0037
NBP Islamic Daily Dividend FundDecember 19, 20190.0037
NBP Islamic Daily Dividend FundDecember 18, 20190.0034
NBP Islamic Daily Dividend FundDecember 17, 20190.0034
NBP Islamic Daily Dividend FundDecember 16, 20190.0035
NBP Islamic Daily Dividend FundDecember 15, 20190.0034
NBP Islamic Daily Dividend FundDecember 14, 20190.0034
NBP Islamic Daily Dividend FundDecember 13, 20190.0034
NBP Islamic Daily Dividend FundDecember 12, 20190.0034
NBP Islamic Daily Dividend FundDecember 11, 20190.0034
NBP Islamic Daily Dividend FundDecember 10, 20190.0034
NBP Islamic Daily Dividend FundDecember 09, 20190.0034
NBP Islamic Daily Dividend FundDecember 08, 20190.0035
NBP Islamic Daily Dividend FundDecember 07, 20190.0034
NBP Islamic Daily Dividend FundDecember 06, 20190.0034
NBP Islamic Daily Dividend FundDecember 05, 20190.0034
NBP Islamic Daily Dividend FundDecember 04, 20190.0034
NBP Islamic Daily Dividend FundDecember 03, 20190.0034
NBP Islamic Daily Dividend FundDecember 02, 20190.0034
NBP Islamic Daily Dividend FundDecember 01, 20190.0035
NBP Islamic Daily Dividend FundNovember 30, 20190.0034
NBP Islamic Daily Dividend FundNovember 29, 20190.0034
NBP Islamic Daily Dividend FundNovember 28, 20190.0034
NBP Islamic Daily Dividend FundNovember 27, 20190.0034
NBP Islamic Daily Dividend FundNovember 26, 20190.0034
NBP Islamic Daily Dividend FundNovember 25, 20190.0034
NBP Islamic Daily Dividend FundNovember 24, 20190.0034
NBP Islamic Daily Dividend FundNovember 23, 20190.0034
NBP Islamic Daily Dividend FundNovember 22, 20190.0034
NBP Islamic Daily Dividend FundNovember 21, 20190.0034
NBP Islamic Daily Dividend FundNovember 20, 20190.0033
NBP Islamic Daily Dividend FundNovember 19, 20190.0033
NBP Islamic Daily Dividend FundNovember 18, 20190.0034
NBP Islamic Daily Dividend FundNovember 17, 20190.0033
NBP Islamic Daily Dividend FundNovember 16, 20190.0033
NBP Islamic Daily Dividend FundNovember 15, 20190.0033
NBP Islamic Daily Dividend FundNovember 14, 20190.0032
NBP Islamic Daily Dividend FundNovember 13, 20190.0032
NBP Islamic Daily Dividend FundNovember 12, 20190.0033
NBP Islamic Daily Dividend FundNovember 11, 20190.0032
NBP Islamic Daily Dividend FundNovember 10, 20190.0032
NBP Islamic Daily Dividend FundNovember 09, 20190.0032
NBP Islamic Daily Dividend FundNovember 08, 20190.0032
NBP Islamic Daily Dividend FundNovember 07, 20190.0031
NBP Islamic Daily Dividend FundNovember 06, 20190.0032
NBP Islamic Daily Dividend FundNovember 05, 20190.0032
NBP Islamic Daily Dividend FundNovember 04, 20190.0032
NBP Islamic Daily Dividend FundNovember 03, 20190.0032
NBP Islamic Daily Dividend FundNovember 02, 20190.0067