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JS Islamic Income Fund (JSIIF)

Investment Objective

The objective of JSIIF is to generate stable returns and ensure capital preservation over medium to long term, by investing primarily in quality Sukuks, Shariah-compliant Government Securities, Shariah-compliant Bank Deposits and other Shariah-compliant debt instruments.

What is JSIIF?

JSIIF is an open-end Shariah Compliant Income Fund, which provides fixed-income based returns, and potential for capital growth. The Fund offers enhanced returns exceeding Bank deposit rates over the medium-term, along with the flexibility to put in or take out your money at your convenience. JSIIF is an ideal solution for short/medium-term savings.

Who should Invest in JSIIF?

If you are looking for a low-risk Shariah Compliant investment with competitive and stable returns than JSIIF is a perfect option for you. Therefore, Income Fund are best suited for those investors who wish to avoid stock market volatility and instability.

Term Sheet JS Islamic Income Fund (JSIIF)
Launch Date 22 January, 2013
Fund Type Open end Shariah Compliant Income Fund
Currency PKR
Minimum Investment 1 Unit
Fund Manager Mr. Asim Ilyas
Asset Manager Rating AM 2 by JCR- VIS
Fund Stability Rating AA-(f) by PACRA
Pricing Mechanism Forward
Front End Load 1%
Management Fee 1% of Average Annual Net Assets
Risk Profile Low to Medium
Listing Pakistan Stock Exchange
Shariah Advisor Al – Hilal Shariah Advisors
Trustee MCB Financial Services Limited
Auditor Grand Thornton Anjum Reham & Co.
Benchmark The performance benchmark of the scheme shall be "Six (6) months average deposits rate of three (3) A rated scheduled Islamic banks or Islamic windows of conventional banks as selected by MUFAP".

5 years performance

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