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AL Habib Islamic Income Fund is an open-ended Shariah Compliant Income Fund which provide the investors with a rate of return consistent with a broadly diversified portfolio of long, medium, and short term, high quality Shariah Compliant fixed income instruments. Major portion of investments comprises of cash in Islamic banks or Islamic window of conventional banks, GoP Ijarah Sukuk, Islamic deposits, Sukuks etc. There is no lock-in period, investors can withdraw their investment during cut-off timings without any penalty.

Investment Objective

AHIIF is a Shariah Compliant income scheme, which aims to provide competitive risk adjusted returns to its investors by investing in diversified portfolio of long, medium, and short term shariah compliant instruments while taking into account liquidity considerations.

For Investors’ Seeking

  • Shariah compliant medium to long term income and capital growth

  • Avoid stock market volatility

Risk Profile

Basic Facts
Launch Date January 23, 2017
Fund Type Open-ended
Fund Category Shariah Compliant Income Scheme
Fund Manager Mr. Ahmed Abbas
Shariah Advisor Mufti Ismatullah
Management Fee Up to 10% of the gross earnings of the scheme
Front-end-Load 1.00% (Management has the discretion to reduce or waive load on any transaction)
Back-end-Load Nil
Benchmark Average of six months profit rate of 3 scheduled Islamic banks / Islamic windows of conventional banks having long term rating of ‘A ‘or higher
Dealing Days Monday to Friday
Cut-off Timings Monday to Friday 09:00 am to 4:30 pm
Pricing Mechanism Forward Pricing
Allocation of Units (NAV) Form Based
Minimum Subscription Initial investment of Rs. 5,000/-
Subsequently Rs. 1,000/- per transaction
Fund Stability Rating “AA (f)” by PACRA
Rating Date September 01, 2023
Risk Profile Medium (Principal at Medium Risk)

Price History

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