The primary objective of the JS Islamic Premium Fund is to optimize income generation for its investors through prudent investment strategies adhering to Islamic principles. This is achieved by strategically allocating funds towards shariah-compliant, high-caliber Islamic Financial Sector instruments (primarily Islamic microfinance banks/Islamic windows of conventional microfinance banks), Sukuks, Bank deposits of Islamic microfinance banks and Islamic banks, and short-term shariah compliant money market instruments.
JSIPF is a sector-specific shariah-compliant income scheme. JSIPF is smartly crafted within the framework of Shariah principles. Investors can expect attractive returns, ample liquidity, and a well-diversified portfolio with a medium risk profile. The fund's strategy centers on augmenting income through investments in high-quality Shariah-compliant assets within the Islamic Microfinance sector, Shariah-compliant bank deposits, and short-term Shariah-compliant Money Market instruments.
JSIPF is a smart choice for those seeking a Shariah compliant financially rewarding investments. This fund is designed in accordance with Shariah principles, assuring investors of ethical alignment. It offers the attractive returns, making it an appealing choice for growth. With ample liquidity and a well-diversified portfolio featuring a medium risk profile, it strikes a balance between safety and growth potential.
Term Sheet JS Islamic Premium Fund (JSIPF) | |
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Launch Date | 03 November, 2023 |
Fund Type | Shariah Compliant Sector Specific Income Scheme |
Currency | PKR |
Minimum Investment | PKR500 |
Asset Manager Rating | AM2+ |
Fund Stability Rating | A(f) by PACRA |
Pricing Mechanism | Forward |
Front End Load | Up to 2% of NAV (subject to applicable duties/taxes) |
Management Fee | Up to 2% [exclusive SST] |
Risk Profile | Medium |
Listing | Pakistan Stock Exchange (PSX) |
Shariah Advisor | Al – Hilal Shariah Advisors |
Trustee | Digital Custodian Company Limited (DCCL) |
Auditor | Grant Thornton Anjum Rahman |
Benchmark | 6 months Average deposit rate of three (3) A rated Scheduled Islamic Banks or Islamic Windows of conventional banks as selected by MUFAP |