Overview
AL Habib Islamic Money Market Fund (AHIMMF) is an open-ended Shariah-compliant scheme. The Fund invests in high-quality, low-risk Islamic money market and short-term instruments, maintaining maturities up to six months and a weighted average maturity within 90 days. Key allocations include Government Ijara Sukuks, Islamic placements, and deposits. The Fund is categorized as Very Low Risk, with principal at very low risk.
Investment Objective
The investment objective of Al Habib Islamic Money Market Fund is to provide its unit holders a competitive rate of return via investing primarily in a portfolio of Shariah compliant money market securities.
For Investor's Seeking
Short-duration investment opportunities
Reliable and steady Shariah-compliant returns with lower sensitivity to market volatility
High liquidity, enabling flexible redemptions at cut-off times without lock-in or charges
Fund Details
| Basic Facts | |
|---|---|
| Launch Date | March 05, 2026 |
| 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% (Direct investment through AMC / third party) |
| Back-end-Load | Up to 3% |
| 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 Bank as selected by MUFAP |
| Dealing Days | Monday to Friday |
| Cut-off Timings |
a) Monday to Thursday 1:30 pm; Friday 12:00 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 | "AAA(f)" by PACRA |
| Rating Date | October 16, 2026 |
| Risk Profile | Very Low (Principal at Very Low Risk) |