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| Home >
About the Funds > Atlas
Islamic Income Fund > Introduction |
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| Atlas Islamic Income Fund (AIIF) is an open-end fund
established by a Trust Deed dated May 7, 2008, between Atlas Asset
Management Limited (AAML), licensed by the Securities and Exchange
Commission of Pakistan, to carry on asset management services and
investment advisory services, as the management company; and Central
Depository Company of Pakistan Limited (CDC), as the Trustee. |
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| BASIC INFORMATION OF ATLAS
ISLAMIC INCOME FUND |
| Management Company |
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Atlas Asset Management Limited |
| AAML Rating |
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AM3+ by PACRA |
| Address of Management Co. |
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Ground Floor, Federation House, Sharae Firdousi, Clifton,
Karachi-75600 |
| Type |
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Open-Ended Shariah Compliant Income Fund |
| Objective |
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The Fund's primary objective is to provide investors with a good and stable rate of current income consistent with long-term preservation of capital in a Shariah Compliant manner. A secondary objective is to take advantage of opportunities to realize capital appreciation. 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 Islamic income instruments. |
| Initial Public Offering |
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Oct 14 - 18, 2008 |
| Risk Profile |
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AIIF aims to maintain a low risk profile with focus on stable income generating instruments |
| Seed Capital |
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Rs. 100 million |
| AIIF Rating |
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N/A |
| Duration |
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Perpetual |
| Method of Pricing |
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Unit price will be calculated on daily basis on the Fund's Net Asset Value and circulated via different media. |
| Par Value per Unit |
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Rs. 500/- |
| Minimum Investment |
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Rs. 5,000/- |
| Sales Load |
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1% upfront load with no back end load (not applicable during IPO) |
| Bloomberg Code |
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N/A |
| Shariah Advisors |
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Mufti Muhammad Yahya Asim & Dr. Prof. Fazlur Rahman |
| Trustee |
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Central Depository Company of Pakistan Limited (CDCPL) |
| Listing |
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To be listed on LSE |
| Auditors |
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M/s. Ford Rhodes Sidat Hyder & Co. |
| Management Fee |
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1.25% of the Net Asset Value of the fund, fee will be calculated on a daily basis |
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| Disclaimer |
| All investments
in mutual funds are subject to market risks. Investors are advised
in their own interest to read the contents of the Offering Document,
in particular, the investment objectives and the risk factors, before
making any decision. The Offering Document shall be placed on website
shortly, after necessary approvals are received from the Securities
and Exchange Commission of Pakistan. |
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