The objective of the JS Islamic Fixed Term Munafa Fund is to generate potentially high returns through investment in a diversified portfolio of Shariah-compliant instruments, while ensuring the original investment amount is protected upon maturity.
JS Islamic Fixed Term Munafa Fund (JSIFTMF) is a Shariah-compliant Fixed Rate/Return investment scheme, which is meticulously crafted to deliver a fixed return to investors subject to maintaining the investment until the maturity of the respective plan(s). Investors can experience stable and predictable returns with a low to moderate risk profile. The fund's strategy centers on augmenting income through various investment avenues, ensuring a well-rounded and secure financial portfolio.
| Term Sheet JS Islamic Fixed Term Munafa Fund (JSIFTMF) | |
|---|---|
| Fund Type | Shariah Compliant Fixed Rate / Return Scheme |
| Currency | PKR |
| Minimum Investment | 500 |
| Asset Manager Rating | AM1 by PACRA |
| Fund Stability Rating | N/A |
| Pricing Mechanism | Forward |
| Front End Load | 0% |
| Management Fee | 1.5% Exclusive of SST |
| Risk Profile | Moderate for all 3 plans |
| Listing | PSX |
| Trustee | DCCL |
| Auditor | Grant Thornton, Anjum Rahman |
| Benchmark | a) The benchmark of the JS Islamic Fixed Term Munafa Plan – 1 shall be the PKISRV rates on the last day of the Initial Offering Period (IOP) of the CIS, with a maturity period 1 year. b) The benchmark of the JS Islamic Fixed Term Munafa Plan. – 2 shall be the PKISRV rates on the last day of the Initial Offering Period (IOP) of the CIS, with a maturity period 6 months. c) The benchmark of the JS Islamic Fixed Term Munafa Plan(s): Plan – 3 shall be the PKISRV rates on the last day of the Initial Offering Period (IOP) of the CIS, with a maturity period 3 months. |
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