Join the waitlist

Thank you for your interest!
We've launched our beta app to a limited set of users currently. To gain access, secure your spot on the waitlist.

Oops! Something went wrong while submitting the form.
Please enter your name
Please enter your email
Please enter your email
Thank you for subscribing to the waitlist!

MICF

Mahaana Islamic Cash Fund
NAV price
Asset class

-

Management style

Active

Risk / reward scale
MTD

-

Expense ratio

-

(MTD)

-

(YTD)

Overview

Key facts

Net Assets
PKR 146.3 mn
Launch Date
March 29, 2023
Fund Category
Open-end Shariah Compliant Money Market Fund
Investment Objective
Investment objective is to provide competitive returns with maximum possible capital preservation by investing in low risk and liquid Shariah-compliant authorized instruments.
Benchmark
Three months average deposit rates of three (3) AA rated Islamic Banks or Islamic windows of conventional banks as selected by MUFAP
Fund Auditors
BDO Ebrahim & Co.
Custodian
Central Depository Company of Pakistan Limited
Shariah Advisors
Al Hilal Shariah Advisors
Fund Stability Rating
N/A
Fund Manager
Mubashir Zuberi, CFA
Management Fee
Up to 1% of average net assets during the month
Total Expense Ratio
(without govt. levy)
0.07% (MTD)
0.07% (YTD)
Weighted Average Time to Maturity (Days)
67.18

Product summary

MICF is a Shariah compliant cash fund that primarily invests in cash and cash equivalents, such as short-term government bonds and money market instruments. Cash funds are often used as a short-term investment vehicle or as a way to preserve capital while earning a small return.

They are typically considered low-risk investments, as they are invested in highly liquid assets, such as Islamic Sukuks, that are not subject to significant price fluctuations.

Performance

Total returns

as of 4 May 2023

MICF return (annualized)

1M
20%
3M
20%
1Y
20%
3Y
20%
No data to show
No data is currently available

Portfolio composition

Asset allocation

as of 4 May 2023
No data to show
No data is currently available

Credit quality

as of 4 May 2023
No data to show
No data is currently available

Top holdings

as of 4 May 2023
No data to show
No data is currently available

Distributions

date
PKR/Unit
ex-NAV
YIELD (%)
No data to show
No data is currently available

Fund literature

Offering document

download
Download
Report Name
No data to show
No data is currently available