Atlas Islamic Cash Fund
Atlas Islamic Cash Fund (AICF) is Shariah Compliant Fund Certified by SECP, was established by a Trust Deed dated February 15, 2024 between Atlas Asset Management Limited (AAML), as Management Company and Central Depository Company of Pakistan Limited (CDC), as Trustee.
The objective of Atlas Islamic Cash Fund (AICF) is to provide competitive return to its investors (with a periodic payout) by investing in low risk, highly liquid and short duration portfolio consisting of Shariah Compliant money market instruments.
The Fund invests in Shariah Compliant money market instruments with a maximum time to maturity of six months for any asset whereas, weighted average time to maturity of the fund cannot exceed 90 days. This is intended to reduce risk while maintaining liquidity. The Fund’s investment strategy is based on fundamental credit analysis of counterparties. The Fund primarily invests in short term government Securities/bank deposits and other short term money market instruments subject to such exposure limits as are specified in the Rules, the Regulations and directives issued by SECP from time to time. The Fund will make periodic payout to the unit holders, which shall be reinvested.
| Fund Launch Date | : | July 03, 2024 |
| Type | : | Open-ended |
| Category | : | Shariah Compliant Money Market Scheme |
| Dealing Days | : | Monday to Friday |
| Cut Off Timings | : | 9:00 a.m. to 4:00 p.m. |
| Front End Load | : | Nil |
| Pricing Mechanism | : | Forward Pricing |
| Management Fee | : |
Up to 1.25% Actual Rate of Management Fee will be disclosed in Monthly FMR |
| Payout Frequency | : | Dividend payout on a periodic basis (i.e. Daily, Weekly, Monthly, Quarterly & Yearly) will be distributed to the unit holder(s) |
| Fund Risk Profile | : | Low |
| Rating | : | AA(f) (PACRA) (as on 3-December-2025) |
| Duration | : | Perpetual |
| Trustee | : |
Central Depository Company of Pakistan Limited (CDC) House 99-B, Block B, CDC Main Shahra-e-Faisal, Sindhi Muslim Cooperative Housing Society (SMCHS), Karachi, 74400 |
| Registrar | : |
ITMinds Limited, 99-B, Block “B”, S.M.C.H.S., Shahrah-e-Faisal, Karachi. |
| Auditor | : | Yousuf Adil Chartered Accountants |
| Financial Year Ending | : | June 30 |
| Minimum Investment | : | Rs. 5,000/- |
| Shariah Advisor | : | Dr. Mufti Hassan Ashraf Usmani (Reg. # SECP/IFD/SA/041) |
| Benchmark | : | 90% three months PKISRV rates + 10% three (3) months average of the highest rates on savings account of three (3) AA rated Scheduled Islamic Banks or Islamic windows of Conventional Banks as selected by MUFAP. |
| Total Expense Ratio (TER) | : | Investors are advised to consult the Fund Manager Report (FMR) of the respective CIS for the latest information pertaining to the updated TER. |
| Applicable Taxes | : | Income earned in the form of dividend or capital gain shall be charged at a rate as specified in Income Tax Ordinance 2001. |
| Disclaimer | : | Before you invest, you are encouraged to review the detailed features of the Fund in the offering document and/ or Monthly Fund Manager Report. |
| Asset Management Company | : |
Atlas Asset Management Limited, Ground Floor, Federation House, Sharae Firdousi, Clifton, Karachi-75600. Telephone # (92-21) 35379501-4 |
- Riba free returns.
- Guidelines of authentic Shariah Advisor.
- Online access to individual accounts.
- Shariah Compliant avenue of investment for individuals, corporate clients and retirement schemes.
- Shariah Compliant investment plans available.
- Professional Fund Management Expertise.
- Required minimum investment as low as Rs. 5,000.
- Easy withdrawal of money.
- No minimum holding period.
- Risk Diversification.
- Exemption from Zakat (on submission of Affidavit).
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Account Title : CDC TRUSTEE ATLAS ISLAMIC CASH FUND
IBAN : PK85ALFH0012001009531509
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