The objective of ALHIIF is to generate risk adjusted returns by investing in short, medium and long-term Shariah Compliant Fixed Income instruments.
The Fund shall seek to provide the investors with a rate of return consistent with a broadly diversified portfolio of long, medium, and short term, high quality Shariah Compliant fixed income instruments.
During the month, the fund generated an annualized return of -3.79% against benchmark return of 9.60% . WAM of the fund was 1.86 years at month end.
In order to maintain a strong credit profile, the fund has been prudent in its risk policies and has avoided taking exposure in a number of weak credit corporate debt instruments offering a higher yield including some from power, and miscellaneous sectors .
| Justice (Rtd.) Muhammad Taqi Usmani | Chairman |
| Dr. Muhammad Zubair Usmani | Member |
| Dr. Ejaz Ahmed Samdani | Member |
| Launch Date | 20-June-2011 |
|---|---|
| Fund Type | An Open End Scheme |
| Currency | PKR |
| Asset Manager Rating | AM1 (AM One) by PACRA (01-Oct-26) |
| Minimum Investment | Growth & Bachat Units —– PKR 500 Income Units —————— PKR 100,000 |
| Fund Manager | Syed Mohammad Usama Iqbal |
| Pricing Mechanism | Forward |
| Listing | Pakistan Stock Exchange |
| Trustee | Central Depository Company of Pakistan Limited |
| Auditor | M/s. A.F Ferguson & Co. Chartered Accountants. |
| Benchmark | 75% Six (6) months PKISRV rates + 25% Six (6) months average of the highest rates on savings account of three (3) AA rated scheduled Islamic banks or Islamic windows of conventional banks as selected by MUFAP |
Latest Expense ratio of the Fund is updated in the FMR (Fund Manager’s Report).
| Year | Fund (%) | Benchmark (%) |
|---|---|---|
| 2026 | 8.85 | 9.43 |
| 2025 | 15.25 | 10.73 |
| 2024 | 20.79 | 10.10 |
| 2023 | 15.56 | 6.05 |
| 2022 | 8.93 | 3.34 |
Disclaimer: All investments in mutual fund are subject to market risks. Past performance is not necessarily indicative of the future results. Please read the Offering Document to understand the investment policies and the risks involved. Performance data does not include the cost incurred directly by an investor in the form of sales loads etc. The information in this literature is issued for indicative and informational purposes only and investors are advised to make their own appraisal of the investment opportunity, tax implications and consult their own financial, legal, taxation and/or other professional advisors prior to making any investment in mutual fund. The mutual fund may hold certain non-compliant investments. Before making any investment decision, investors should review the latest monthly Fund Manager Report and the Financial Statements of the mutual fund particularly the details of non-compliant investments, provision against SWWF liability and Risk Factors.