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AL Habib Islamic Savings Fund (AHISAV) is an open-ended shariah compliant income fund which provides unit-holders superior risk adjusted long term return consistent with a broadly diversified portfolio of long, medium, and short term, high quality Shariah Compliant fixed income instruments. Weighted Average Maturity shall not exceed 4 years. Major portion of investments comprises of term of deposit in Islamic banks or Islamic window of conventional banks, GoP Ijarah Sukuk, Islamic deposits, Sukuks etc. Rating of any security in the portfolio shall not be lower than "A". There is no lock-in period, unit-holders can redeem their investments during cut-off timings without any penalty.

Investment Objective

AHISAVF’s objective is to provide competitive risk adjusted returns to its investors by investing in a diversified portfolio of long, medium and short term shariah compliant debt instruments while taking into account liquidity considerations.

For Investor's Seeking

  • Shariah compliant medium to long term income and capital growth

  • Avoid stock market volatility

Fund Details

Basic Facts
Launch Date December 20, 2021
Fund TypeOpen-ended
Fund CategoryShariah Compliant Income Scheme
Fund ManagerMr. Ahmed Abbas
Management FeeUp to 10% of the gross earnings of the scheme
Front-end-Load3% (Management has the discretion to reduce or waive load on any transaction)
BenchmarkAverage of six months profit rate of 3 scheduled Islamic banks / Islamic windows of conventional banks having long term rating of ‘A ‘or higher
Dealing DaysMonday to Friday
Cut-off Timings

a) For Regular Transactions 09:00 am to 04:30 pm
b) For same day Redemptions till 09:30 am

Pricing MechanismBackward Pricing
Allocation of UnitsOn Realization of Funds
Minimum SubscriptionInitial investment of Rs. 5,000/- (Subsequently Rs. 1,000/- per transaction)
Fund Stability RatingAA(f) by PACRA
Rating DateSeptember 01, 2023
Risk ProfileMedium (Principle at Medium Risk)

Price History

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