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.
Features
-
Savings cum Investment Plan that facilitates employees to save for retirement in a systematic manner.
-
Regular and secure source of income without long term commitment.
-
Investor can define own Investment Plan through choice of asset allocation.
-
Plan continuity - with job switches, Investor’s pension scheme is not discontinued.
-
Investor can change the asset allocation Anytime.
-
Investor can easily switch between available Pension Fund Managers.
-
Investment in Pension Fund grows Tax Free.
-
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 |