JS Momentum Factor ETF (-) | JSETF: - INAV
JS Balochistan Islamic Pension Fund (JSBIPF) is a Shariah-compliant contributory pension fund managed by JS Investments Limited, one of Pakistan's leading asset management companies with the highest AM1 rating from PACRA. Established under the Government of Baluchistan’s Contributory Pension Scheme Rules 2025, the Fund is designed to help eligible government employees build long-term retirement savings while ensuring all investments comply with Islamic principles.
Contributions are professionally managed and invested across four diversified Shariah-compliant sub-funds, Equity Active, Debt, Money Market, and Equity Index, to balance risk and generate sustainable long-term returns, providing participants with a reliable source of halal income after retirement.
Key Benefits
Tax credits are limited to 20% of taxable income on an annual basis
The JS Balochistan Islamic Pension Fund (JSBIPF) is exclusively available to eligible employees of the Government of Balochistan seeking a Shariah-compliant, secure, and long-term retirement savings solution. Eligible participants include all employees who have been recruited, absorbed, accepted, or transferred to the Government of Balochistan after the commencement of the Balochistan Civil Servants (Amendment) Act, 2025, and who qualify as "Eligible Persons" under the Balochistan Contributory Pension Scheme Rules, 2025.
For the initial three years from the opening of an Individual Pension Account, all contributions must be invested exclusively in the Money Market Sub-Fund. Participants can only choose other allocation schemes after this three-year period
At retirement, participants can withdraw up to 25% of their accumulated balance, while the remaining amount can be invested in annuity or periodic income plans.
| Term Sheet JS Balochistan Islamic Pension Fund | |
|---|---|
| Currency | PKR |
| Sub Funds | Equity, Debt, Money Market, and Equity Index Sub-Funds, offering customized or lifecycle-based allocation |
| Takaful Coverage | As per the Offering Document |
| Investment Limit | No limit for investment |
| Tax Benefit | Tax credit available under the Income Tax Ordinance, 2001 |
| Withdrawal at Retirement | Up to 25% of accumulated balance; remainder invested in annuity or periodic income plans |
| Fund Manager | JS Investments Limited |
| Asset Manager Rating | AM1 by PACRA |
| Shariah Advisor | Al Hilal Shariah Advisor. |
| Trustee | Central Depository Company of Pakistan Limited (CDC) |
| Auditor | Grant Thornton |
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