Atlas Islamic Stock Fund
Atlas Islamic Stock Fund (AISF) was established by a Trust Deed dated September 12, 2006 between Atlas Asset Management Limited (AAML), as Management Company and Central Depository Company of Pakistan Limited (CDC), as Trustee.
To provide unit holders participation in a diversified portfolio of Shariah compliant equity securities, cash and/or near cash Shariah compliant instruments including cash in bank accounts (excluding TDRs) and Shariah compliant Government Securities not exceeding 90 days maturity.
The Fund invests in Shariah compliant equity securities with at least 70% of net assets invested in listed equity securities during the year based on quarterly average investment calculated on daily basis. The Fund selects such companies for equity investment that are actively traded, have growth prospects and / or are consistently dividend paying.
| Fund Launch Date | : | January 15, 2007 |
| Type | : | Open-ended |
| Category | : | Shariah Compliant Equity |
| 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 | : |
Upto 3.00% Actual Rate of Management Fee will be disclosed in Monthly FMR |
| Fund Risk Profile | : | High |
| Listing | : | Pakistan Stock Exchange |
| 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 | : | A. F. Ferguson & Co. |
| Financial Year Ending | : | June 30 |
| Minimum Investment | : | Rs. 5,000/- |
| Shariah Advisor | : | Dr. Mufti Hassan Ashraf Usmani (Reg. # SECP/IFD/SA/041) |
| Benchmark | : | KMI-30 Index |
| 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.
- Online access to individual accounts.
- Shariah Compliant avenue of investment for individuals, corporate clients and retirement schemes.
- Required minimum investment as low as Rs. 5,000/-
- Easy withdrawal of money.
- No minimum holding period.
- Risk Diversification.
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Account Title : CDC-TRUSTEE ATLAS ISLAMIC STOCK FUND
IBAN : PK58AIIN0000111098200015
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