Overview
AL Habib Islamic Stock Fund is an open-ended Shariah Compliant Equity Fund, which primarily invests in shariah compliant stocks according to screening criteria provided by the Shariah Supervisory Board and keeping focus on highly liquid stocks of fundamentally strong companies. At least 70% of Net assets shall remain invested in listed shariah equity securities at all the times. There is no lock-in period, investor can withdraw their investment during cut-off timings without any penalty.
Investment Objective
Objective of AHISF is to seek long-term capital growth by investing primarily in a Shariah Compliant diversified pool of equities and equity related instruments. The management team shall ensure active implementation of prudent investment practices, the highest professional standards, and compliance with applicable laws.
For Investors’ Seeking
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Invest in diversified portfolio of shariah compliant equities
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Achieve long term financial goals
Risk Profile
| Basic Facts | |
|---|---|
| Launch Date | April 01, 2017 |
| Fund Type | Open-ended |
| Fund Category | Shariah Compliant Equity Scheme |
| Fund Manager | Mr. Talha A. Siddiqui |
| Shariah Advisor | Mufti Ismatullah |
| Management Fee | 2.00% p.a. |
| Front-end-Load | 2.00% (Management has the discretion to reduce or waive load on any transaction) |
| Back-end-Load | Nil |
| Benchmark | KMI 30 Index |
| Dealing Days | Monday to Friday |
| Cut-off Timings | Monday-Thursday 9:00 to 3:30 pm Friday 9:00 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 |
| Risk Profile | High (Principal at High Risk) |