The Fund aims to provide investors seeking a Shariah compliant investment avenue an optimum rate of return, reasonable concern for safety of capital and to provide to the investors liquidity to join or leave the fund at their convenience.
JSISF is an open-end Equity Fund which invests in high quality stocks. The Fund offers high returns available via the Stock-market, and also entails the risk associated with these markets.
|Term Sheet JS Islamic Fund (JSISF)|
|Launch Date||27 December, 2002|
|Fund Type||Open end Shariah Compliant Equity Fund|
|Minimum Investment||1 Unit|
|Asset Manager Rating||AM 2 by JCR- VIS|
|Front End Load||3%|
|Management Fee||2% of Average Annual Net Assets|
|Listing||Pakistan Stock Exchange|
|Shariah Advisor||Al – Hilal Shariah Advisors|
|Trustee||Central Depository Company of Pakistan Limited|
|Auditor||A.F. Ferguson & Co.|
|Benchmark||KMI 30 Index|