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Home > About the Funds > Atlas Islamic Fund> Introduction

Atlas Islamic Fund (AISF) is an open-end fund established by a Trust Deed dated September 12, 2006, between Atlas Asset Management Limited (AAML), as the management company and Central Depository Company of Pakistan Limited (CDC), as the Trustee.

AISF was opened for public subscription from January 15, 2007 on a continuous basis with an initial capital (seed and pre-IPO) of Rs. 378.475 million.

SALIENT FEATURES

Par value of units	:	Rs 500
Sales load	:	Front end load, 1% of Net Asset Value (NAV) Back-end Load, as per the following slab 1.5% for first year after investment 1.0% for second year after investment 0.5% for third year after investment Nil for redemptions after completion of 3 years from the date of investment
Method of pricing	:	Daily – based on NAV of same working day
Income distribution	:	Yearly in the form of dividend and / or bonus units
Dealing days	:	Monday to Friday (during office hours)
Rating	:	Not Applicable
Minimum Subscription	:	Rs. 5,000/-
Shariah Board	:	Dr. Fazlur Rahman & Mufti Muhammad Yahya Asim


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