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
Strong long-term performance track record with cumulative annualized return since inception (July 31, 2010 till May 31st 2024) of 17.10% as against the benchmark return of 5.70% for the corresponding period
*Investors are encouraged to consult their Investment advisor prior to investing in the product.
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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 948 Mn. as at May
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 22 | FY 21 | FY 20 | FY 19 | FY 18 | FY 17 | FY 16 | FY 15 | |
|---|---|---|---|---|---|---|---|---|
| ABL Islamic Income Fund | 8.63% | 5.75% | 11.28% | 11.28% | 8.47% | 4.37% | 5.68% | 5.82% |
| Benchmark Returns | 3.34% | 3.57% | 6.35% | 2.46% | 3.05% | 5.10% | 6.61% | 8.69% |
