Alhamra Islamic Money Market Fund

Alhamra Islamic Money Market Fund (Formerly: MCB Pakistan Frequent Payout Fund) is a Shariah Compliant (Islamic) Money Market Scheme which aims to provide investors with reasonable rate of return.

Investment Objective

The Objective of ALHIMMF is to provide a reasonable rate of return with a maximum possible capital preservation by investing primarily in liquid Shariah Compliant money market securities

FUND PROFILE

Alhamra Islamic Money Market Fund is an Open-ended Shariah Compliant (Islamic) Money Market Scheme which primarily invests in Shariah Compliant Authorized Investments. Alhamra Islamic Money Market Fund will make investments in line with its authorized investments. The Fund will be investing in a range of liquid Shariah Compliant (Islamic) Money Market and Shariah compliant debt instruments.

Who should invest?

Investors with higher liquidity needs are encouraged to invest in ALHIMMF.

Manager’s Comment

The fund posted a return of 10.47% against its benchmark return of 9.67%. WAM of the fund was 35 days at month end.

*Note: MCB Pakistan Frequent Payout Fund (An Open-ended Asset Allocation Scheme) has been renamed as Alhamra Islamic Money Market Fund (An Openended Shariah Compliant (Islamic) Money Market Scheme) with effect from August 21, 2020 (Date of Conversion). In order to provide information to the Unit Holder fairly, this Fund Manager’s Report is prepared from the Date of Conversion.

MCBIM Shariah Supervisory Board

Justice (Rtd.) Muhammad Taqi Usmani	Chairman
Dr. Muhammad Zubair Usmani	Member
Dr. Ejaz Ahmed Samdani	Member

Quick Facts

Launch Date	16-Nov-2015 (Refer Note -1)
Fund Type	An Open End Scheme
Currency	PKR
Asset Manager Rating	AM1 (AM One) by PACRA (01-Oct-26)
Minimum Investment	PKR 500
Fund Manager	Syed Muhammad Usama Iqbal
Pricing Mechanism	Backward
Listing	Pakistan Stock Exchange
Trustee	Digital Custodian Company Limited (Formerly MCB Financial Services Limited)
Auditor	M/s. BDO Ebrahim & Co. Chartered Accountants
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.

Latest Expense ratio of the Fund is updated in the FMR (Fund Manager’s Report).

5 years performance

Year	Fund (%)	Benchmark (%)
2026	9.59	9.37
2025	13.82	10.44
2024	21.78	10.27
2023	16.97	6.23
2022	9.76	3.67

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.