Overview
AL Habib Islamic Cash Fund (AHICF) is an open-ended shariah compliant money market fund which invests in high quality and low risk shariah compliant debt securities with maximum maturity of six months; weighted average maturity of the portfolio is limited to not surpass 90 days. The major portion of investments are made in term of deposits with Islamic banks/Islamic window of commercial banks and Shariah Compliant Government Securities. Additionally, the fund invests in high quality instruments with issue/entity rating not below “AA”.
Investment Objective
AHICF objective is to maximize possible preservation of capital and provide a competitive rate of return via investing primarily in Shariah Compliant money market securities.
For Investor's Seeking
Short term investment avenues
Regular and stable shariah compliant source of income shielded from volatility of long-term fixed income instruments and stock market
High liquidity (no lock-in period, investors can withdraw their investments during cut-off timings without any penalty)
Fund Details
| Basic Facts | |
|---|---|
| Launch Date | December 20, 2021 |
| Fund Type | Open-ended |
| Fund Category | Shariah Compliant Money Market Scheme |
| Fund Manager | Mr. Ahmed Abbas |
| Management Fee | Up to 1.25% per annum of average daily net assets |
| Front-end-Load | 3% (Management has the discretion to reduce or waive load on any transaction) |
| Back-end-Load | Nil |
| Benchmark | 70% three (3) months PKRV rates + 30% three (3) months average deposit rate of three (3) AA rated scheduled banks |
| Dealing Days | Monday to Friday |
| Cut-off Timings |
a) Monday to Thursday 4:00 pm; Friday 4:30 pm |
| Pricing Mechanism | Backward Pricing |
| Allocation of Units | On Realization of Funds |
| Minimum Subscription | Initial investment of Rs. 5,000/- (Subsequently Rs. 1,000/- per transaction) |
| Fund Stability Rating | AA+(f) by PACRA |
| Rating Date | September 15, 2026 |
| Risk Profile | Very Low (Principal at Very Low) |