INVESTMENT OBJECTIVE
The objective of Alhamra Islamic Cash Fund is to provide competitive returns while ensuring high liquidity by investing in Shariah-compliant money market instruments.
Alhamra Islamic Cash Fund
INVESTMENT OBJECTIVE
Manager’s Comment
During the month the fund posted a return of 10.01% against benchmark return of 9.67%. WAM of the fund was 1 day at month end.
MCBIM Shariah Supervisory Board
| Justice (Rtd.) Muhammad Taqi Usmani | Chairman |
| Dr. Muhammad Zubair Usmani | Member |
| Dr. Ejaz Ahmed Samdani | Member |
Quick Facts
| Scheme Name | Alhamra Islamic Cash Fund |
|---|---|
| Category | Shariah Compliant Money Market Scheme |
| Launch Date | 8-Sep-26 |
| Fund Manager | Saad Ahmed |
| Asset Manager Rating | AM1 (AM One) by PACRA (01-Oct-26) |
| Min. Subscription | PKR 500 |
| Risk Profile | Low (Principal at Low Risk) |
| Pre-IPO | NIL |
| IPO Date | Sep 03, 2026, Sep 04, 2026 and Sep 07, 2026 (Thurs, Fri & Mon) |
| Scheme Category | An Open-End Scheme (Perpetual) |
| Benchmark | 90% three (3) months PKISRV Rates + 10% three (3) months average of the highest rates on savings account of three (3) AA rated scheduled Islamic banks or Islamic windows of conventional banks as selected by MUFAP. |
| Pricing Mechanism | Backward Pricing |
| Listing | To be listed post launch by Corporate Affair Team |
| Zakat & Taxation | Zakat Deduction as per Zakat & Ushr Ordinance, 1980. Capital Gain Tax and withholding tax on cash dividends as per prevailing Income Tax Ordinance, 2001. |
| Trustee | Central Depository Company of Pakistan Limited |
| Auditor | M/s. M. Yousuf Adil Saleem & Co. Chartered Accountants |
| Unit Type | Type A (Growth) |
Disclaimer: All investments in mutual fund are subject to market risks. Past performance is not necessarily indicative of the future results. Please read the Offering Document to understand the investment policies and the risks involved. Performance data does not include the cost incurred directly by an investor in the form of sales loads etc. The information in this literature is issued for indicative and informational purposes only and investors are advised to make their own appraisal of the investment opportunity, tax implications and consult their own financial, legal, taxation and/or other professional advisors prior to making any investment in mutual fund. The mutual fund may hold certain non-compliant investments. Before making any investment decision, investors should review the latest monthly Fund Manager Report and the Financial Statements of the mutual fund particularly the details of non-compliant investments, provision against SWWF liability and Risk Factors.