ABL Islamic Sovereign Plan - I (ABL ISSP-I) is launched under “ABL Islamic Sovereign Fund”. The Fund provides an ideal Shariah Compliant avenue for short and medium-term savings and regular income needs while giving an easy access to your money.
The Investment Objective of the ABL Islamic Sovereign Fund Plan - I (managed under ABL Islamic Sovereign Fund-ABL ISF) is to generate a competitive return to its investors while maximizing the possible preservation of capital by primarily investing in Shariah Compliant Government Securities and other authorized investment avenues.
*Investors are encouraged to consult their Investment advisor prior to investing in the product.
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| Scheme Name | ABL Islamic Sovereign Plan-I (managed under ABL Islamic Sovereign Fund) |
|---|---|
| Categorization | Open-end Shariah Compliant Income Scheme |
| Objective of the scheme | To generate a competitive return with moderate risk, by investing primarily in Shariah Compliant Government Securities, Shariah Compliant Money Market Instruments, Short-term Sukuk/commercial papers and deposits in Islamic Banks and licensed Islamic Banking Windows of Conventional Banks |
| Benchmark |
Six (6) months PKISRV Rates
|
| Minimum Investment Amount | Rs. 5,000/- |
| Entry load | Up to 3% |
| Exit load | NIL |
| Contingent Load | NIL |
| Management Fee | Up to 2% of Net Assets p.a. |
The purpose of ABL Islamic Income Fund is to provide investors with a safe and stable stream of Halal income on their investments and to generate superior long term risk adjusted returns.
The Fund seeks to provide investors with an opportunity to earn higher income over the medium to long-term by investing in a diversified portfolio consisting of different money market and debt instruments permissible under the Shariah principles
*Investors are encouraged to consult their Investment advisor prior to investing in the product.
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Moderate
Medium
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| Scheme Name | ABL Islamic Income Fund |
|---|---|
| Categorization | Open-end Islamic Income Scheme |
| Date of Inception | July 31, 2010 |
| Fund Size | PKR 1,878 Mn. as at October 31st 2024 |
| Objective of the scheme | To provide investors with an opportunity to earn higher income over the medium to long-term by investing in a diversified portfolio consisting of different money market and debt instruments permissible under the Shariah principles. |
| Benchmark | Average of 6 Month Deposit Rate of 3 A rated Islamic Banks |
| Minimum Investment Amount | Initial Rs.5,000 (Subsequent Rs. 1,000) |
| Lock-In Period | None |
| Management Fee | 8% of gross earning subject to minimum floor of 0.40% of net assets p.a. and maximum cap of 1.00% of net assets p.a. |
| Entry Load | Upto 1.5% |
| Exit Load | None |
| Systematic Investment Plan Facility | Yes |
| FY 24 | FY 23 | FY 22 | FY 21 | FY 20 | FY 19 | FY 18 | FY 17 | FY 16 | FY 15 | |
|---|---|---|---|---|---|---|---|---|---|---|
| ABL Islamic Income Fund | 19.87% | 12.42% | 8.63% | 5.75% | 11.28% | 11.28% | 8.47% | 4.37% | 5.68% | 5.82% |
| Benchmark Returns | 10.09% | 6.04% | 3.34% | 3.57% | 6.35% | 2.46% | 3.05% | 5.10% | 6.61% | 8.69% |
