Shariah Advisors: Mufti Javed Ahmad and Mufti Atta Ullah
*One Month Annualized Return as of 30-Sep-2020 based on NAV to NAV with dividend reinvestment, Benchmark return: 3.82%. Fund Category: Islamic Money Market Scheme. Avail tax credit on investment up to Rs. 2,000,000/- or 20% of individual’s taxable income (whichever is lower) on an investment made in Mutual Funds as per section 62 of Income Tax Ordinance. For Funds’ categories, returns (including any unusual performance), ratings and other information, please read the latest Fund Manager Report. This publication is for informational purposes only and nothing herein should be construed as a solicitation, recommendation, or an offer to buy or sell any fund. All investments in mutual funds are subject to market risks. Past performance is not necessarily indicative of future results. Please read the Offering Document to understand the investment policies and risks involved. All returns are calculated assuming reinvested dividends. Performance data does not include the cost incurred directly by an investor in the form of sales load etc.
Alfalah Islamic Rozana Amdani Fund (AIRAF) objective is to provide competitive returns and to meet liquidity needs of investors by providing investors with a daily dividend by investing in low risk and highly liquid Shari’ah Compliant money market instruments. The Fund will primarily invest in Shariah Compliant Authorized Investments.