Alhamra Islamic Money Market Fund (Formerly: MCB Pakistan Frequent Payout Fund) is a Shariah Compliant Money Market Scheme which aims to provide investors with reasonable rate of return.
The Objective of the Fund is to provide a reasonable rate of return with a maximum possible capital preservation by investing primarily in liquid Shariah Compliant money market securities.
Alhamra Islamic Money Market Fund is an Open-ended Shariah Compliant Money Market Scheme which primarily invests in Shariah Compliant Authorized Investments. Alhamra Islamic Money Market Fund will make investments in line with its authorized investments. The Fund will be investing in a range of liquid Shariah compliant money market and Shariah compliant debt instruments.
Who should invest?
Investors with higher liquidity needs are encouraged to invest in ALHIMMF.