Retirement is a considerably long-term goal, which involves careful considerations and planning. ABL Islamic Pension Fund is your Retirement Planning Partner to save and invest for your post-retirement needs. It has the potential to provide attractive returns with the additional advantage of greater Tax Benefits (as per prevailing tax laws) significantly enhancing the overall yield on your investment.
ABL Islamic Pension Fund aims to provide individuals with a portable, individualized, funded (based on defined contribution) and flexible Islamic Pension Scheme which is professionally managed to assist them to plan and provide for their retirement. The design of the scheme empowers the participants to decide how much to invest, and how to invest it, as well as to continue investing in their pension accounts even if they change jobs.
The Contributions in ABL IPF are invested in various instruments to earn competitive returns and create wealth over the entire work life of the participant in accordance with the investment policy of the Fund. You can invest money regularly or you can make lump-sum payments as and when you want.
You can choose from a wide range of investment options; the one that is most suitable for you depending on your retirement goals, age and your appetite for risk. Your payments will be invested in the particular scheme that you choose with the aim of growing your individual pension account.
*Investors are encouraged to consult their Investment advisor prior to investing in the product.
| Scheme Name | ABL Islamic Pension Fund |
|---|---|
| Scheme type | Open-End Islamic Pension Fund Scheme |
| Date of Inception | August 20, 2014 |
| Fund Size |
PKR 296 Mn. as at October 31st 2023 |
| Objective of the scheme | To provide a Halal and secure source of savings and regular income after retirement to the Participants |
| Minimum Investment Amount | Initial Rs.500 |
| Lock-In Period | None |
| Management Fee | 1.5 % p.a. on average Net Assets of each Sub-Fund |
| Entry Load | Upto 3 % on all Contributions, unless exempted under the Offering Document |
| Exit Load | None |
| Systematic Investment Plan Facility | Yes |
| Tax Benefits | Tax credit (as per prevailing Tax Rules)* on maximum 20% of your taxable income. *Under Section 63 of the Income Tax Ordinance 2001 |
| FY 22 | FY 21 | FY 20 | FY 19 | FY 18 | FY 17 | FY 16 | FY 15 | |
|---|---|---|---|---|---|---|---|---|
| Equity Sub Fund | (14.44%) | 32.52% | (32.13%) | (19.15%) | (11.98%) | 28.01% | 11.31% | 30.84% |
| Debt Sub Fund | 5.30% | 4.03% | 7.97% | 7.28% | 1.26% | 4.52%% | 3.52% | 6.56% |
| Money Market Sub Fund | 6.70% | 4.05% | 7.11% | 7.49% | 1.68% | 3.22% | 2.24% | 6.31% |
