Systematic Payout and Systematic Withdrawal Plan is an Administrative Plan offered by Atlas Asset Management Limited (AAML), provides investors with a stable income at regular intervals while seeking long-term preservation of capital in a Shariah Compliant manner by investing in units of Atlas Islamic Income Fund (AIIF) income.

The Plan also offers a Systematic Investment Plan (SIP) through which the investor may invest predetermined amounts on a monthly or a quarterly basis, provided that such amount is not less than the minimum amount fixed by the Management Company from time to time.

The Systematic Payout option offers the choice of redeeming a certain number of Units for fulfilling the investors requirement of a certain amount at regular intervals (i.e. monthly, quarterly, semi-annually or annually). Such instructions shall be given in writing at the beginning of each regular interval or at the time of purchase of Units.

• If the value of investment increases during an interval, the Systematic Payout option calculates the number of units to be redeemed for the purpose of distribution of income in such a manner that the total redemption value of such units is equal to the increase in the value of investment during that interval, which means that the profit earned on the respective units due to increase in NAV would be paid back to the investors.
• If the value of investment of the Plan falls during an interval which means that NAV of the Fund has declined, the Systematic Payout option will not redeem any units (no income would be paid) at the end of that interval as there would not beany profits for payment.

Systematic Withdrawal option, the investors may decide any fixed amount from time to time to be paid at regular intervals (i.e. monthly, quarterly, semi-annually or annually). The investors, at the time of purchase or beginning of an interval, authorize AAML to redeem such number of units from their holding which in rupee terms is equivalent to the specified fixed amount that is to be paid at the end of every regular interval.

However, it is to be noted that the initial amount invested may deplete in case sufficient returns are not earned to cover the amount distributed to the investor.

Unit Holders of Atlas Funds, other than a company, shall be entitled to a tax credit under Section 62 of the Income Tax Ordinance 2001 on purchase of new Units. The amount on which tax credit will be allowed shall be lower of:
(a) amount invested in purchase of new Units; or
(b) fifteen percent of the taxable income of the Unit Holder; or
(c) Rupees Five Hundred Thousand (Rs 500,000);
and will be calculated by applying the average rate of tax of the Unit Holder for the tax year. If the Units so acquired are disposed within twelve months, the amount of tax payable for the tax year in which the Units are disposed shall be increased by the amount of credit allowed.