Overview
AL Habib Islamic Pension Fund (AHIPF) is an open-ended Shariah Compliant Pension Fund Scheme. AHIPF is the best way to systematically invest for your post-retirement needs. It has the potential to deliver superior returns on your investment.
Investment Objective
The objective of AL Habib Islamic Pension Fund is to provide individuals with an individualized, funded (based on defined contribution) as well as flexible pension scheme which is managed by professional investment managers to assist them to plan and provide for their retirement. The design of the scheme empowers the participants to invest their pensions as per their desired asset allocations.
For Investors’ Seeking
-
To build voluntary pensions for financial stability after retirement. Tax Credit Can be availed by Pakistani citizen over the age of 18. You can add any amount on Annual, Semi-Annual, Quarterly or Monthly or as desired by the Participant. Invest in different asset classes in order to have diversified portfolio depends on your retirement goals, age, and risk appetite.
-
Regular and secure source of income without long term commitment
Fund Details
| Basic Facts | |
|---|---|
| Launch Date | June 30, 2022 |
| Fund Type | Open-ended |
| Fund Category | Shariah Compliant Voluntary Pension Scheme |
| Fund Manager | Mr. Ahmed Abbas |
| Management Fee | Up to 1.5% p.a. on average Net Assets of each Sub-Fund |
| Front-end-Load | Up to 3% on all Contributions |
| Back-end-Load | Nil |
| Benchmark | 70% three (3) months PKRV rates + 30% three (3) months average deposit rate of three (3) AA rated scheduled banks |
| Dealing Days | Monday to Friday |
| Cut-off Timings | a) For Regular Transactions 09:00 am to 04:30 pm |
| Pricing Mechanism | Forward Pricing |
| Allocation of Units (NAV) | On Realization of Funds |
| Minimum Subscription | Initial investment of Rs. 1,000/- Subsequently Rs. 1,000/- per transaction |
| Risk Profile | Allocation Dependent |