Atlas Islamic Income Fund

Atlas Islamic Income Fund (AIIF) was established by a Trust Deed dated May 7, 2008 between Atlas Asset Management Limited (AAML), as Management Company and Central Depository Company of Pakistan Limited (CDC), as Trustee.

To provide its unit holders with a stable rate of current income consistent with long-term preservation of capital in a Shariah compliant manner.

The Fund invests only in Shariah compliant income instruments to provide regular Halal income to investors. Considering the low risk tolerance of an income fund’s investors, the key objective will be to earn competitive returns while containing the risk (volatility) of the returns to a minimum.

The Fund actively manages a diversified portfolio of Shariah compliant income securities (including Shariah compliant Government Securities). Shariah compliant placements are executed with a bank or DFI in debt instruments not lower than A- (A minus) rating. At least 25% of the net assets are invested in cash and near cash instruments with less than 90 days maturity.

Fund Launch Date : October 14, 2008
Type : Open-ended
Category : Shariah Compliant Income
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 : Current level of Management Fee is 0.4% of Average Annual Net Assets
Expense Ratio Limit : Upto 2.5% (including Management Fee) of Average Annual Net Assets
Fund Risk Profile : Medium
Rating : AA-(f) (PACRA) (As on 17-Oct-2019)
Listing : Pakistan Stock Exchange
Trustee : Central Depository Company of Pakistan Limited (CDC)
Registrar : ITMinds Limited: 99-B, Block “B”, S.M.C.H.S., Shahrah-e-Faisal, Karachi.
Auditor : EY Ford Rhodes
Financial Year Ending : June 30
Minimum Investment : Rs. 5,000/-
Shariah Advisor : Dr. Mufti Muhammad Wasie
Benchmark : Six (6) months average deposit rates of three (3) “A” rated scheduled Islamic Banks or Islamic windows of Conventional Banks as selected by MUFAP
  • 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).

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 : Upto 2.0% (online upto 1.5%)
Pricing Mechanism : Forward Pricing
Management Fee : Current level of Management Fee is 2.4% of Average Annual Net Assets
Expense Ratio Limit : Upto 4.5% (Including Management Fee) of Average Annual Net Assets
Fund Risk Profile : High
Listing : Pakistan Stock Exchange
Trustee : Central Depository Company of Pakistan Limited (CDC)
Registrar : ITMinds Limited: 99-B, Block “B”, S.M.C.H.S., Shahrah-e-Faisal, Karachi.
Auditor : EY Ford Rhodes
Financial Year Ending : June 30
Minimum Investment : Rs. 5,000/-
Shariah Advisor : Dr. Mufti Muhammad Wasie
Benchmark : KMI-30 Index
  • 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.

Atlas Islamic Fund of Funds

Atlas Islamic Fund of Funds (AIFOF) was established by a Trust Deed dated 3rd September, 2018, between Atlas Asset Management Limited (AAML) as Management Company and Central Depository Company of Pakistan Limited (CDC) as Trustee.

To provide unit holders an opportunity to earn potentially high returns through investment as per respective Allocation Plans by investing in Shariah Compliant Fixed Income Schemes and Equity based Collective Investment Schemes.

The Scheme offers four allocation plans, namely; Atlas Aggressive Allocation Islamic Plan, Atlas Moderate Allocation Islamic Plan, Atlas Conservative Allocation Islamic Plan and Atlas Islamic Capital Preservation Plan. The underlying allocation to Fixed Income and Equity Mutual Funds shall be fixed and the indicative percentages are stated below:

Allocation Plans under Atlas Islamic Fund of Funds

Indicative Minimum percentage allocation invested in Collective Investment Scheme(s)

Name of Allocation Plans

Cash & Near Cash*

Atlas Islamic Dedicated Stock Fund

Atlas Islamic Income Fund

Atlas Aggressive Allocation Islamic Plan

Up to 10%

Minimum 65%

Minimum 25%

Atlas Moderate Allocation Islamic Plan

Up to 10%

Minimum 45%

Minimum 45%

Atlas Conservative Allocation Islamic Plan

Up to 10%

Minimum 20%

Minimum 70%

Atlas Islamic Capital Preservation Plan

Up to 100% with Min AA- Rating**

Up to 50%

Up to 100%

* Cash at Bank accounts of Islamic Banks and licensed Islamic Banking windows of conventional Banks (excluding TDRs) and GOP Ijarah Sukuk not exceeding 90 days remaining maturity.

** Cash at Bank accounts of Islamic Banks and licensed Islamic Banking windows of conventional Banks and Term Deposit (TDRs) Islamic Banks and licensed Islamic Banking windows of conventional Banks.

Fund Launch Date : January 7, 2019
Type : Open-ended Islamic Fund of Funds
Dealing Days : Monday to Friday
Pricing Mechanism : Forward Pricing
Management Fee : No Management fee in case of investment is made in CIS of AAML. However, management fee of 1% of average annual net assets in case investment is made in Cash/ Near Cash instruments, savings and term deposits made with Islamic banks or Islamic banking windows of commercial banks.
Front End Load : Up to 2% (Amount less than or equal to Rs.25 Million). However, in case where transaction are done online or through a website, the maximum front-end load will be up to 1.5%.
Back End Load : Back-end Load shall be charged to the CPPI base plan. 2.5% back-end Load shall be charged in case redemption from the fund is made before the stated maturity/duration of the CPPI Plan(s).
Duration : The Duration of the Allocation Plan is perpetual. However, the initial maturity of – (AICPP) shall be thirty month (2.5 years). The CPPI plan shall remain open for limited subscription period only.
Risk Profile : Plan Specific
Trustee : Central Depository Company of Pakistan Limited (CDC)
Registrar : ITMinds Limited: 99-B, Block “B”, S.M.C.H.S., Shahrah-e-Faisal, Karachi.
Auditor : EY Ford Rhodes
Financial Year Ending : June 30
Minimum Investment : Rs.5,000/- (and Rs.1000 thereafter)
Shariah Advisor : Dr. Mufti Muhammad Wasie
Benchmark : Weighted average return of KMI-30 Index, and Six months average deposit rates of three (3) “A” rated Islamic Banks or Islamic windows of conventional banks as selected by MUFAP.
  • Shariah Compliant investment and halal profit
  • Competitive returns
  • Professional Fund Management Expertise
  • Risk Diversification
  • Exemption from Zakat (on submission of Affidavit)
Disclaimer: All investments in mutual fund are subject to market risks. The investors are advised in their own interest to carefully read the contents of Offering Documents in particular of the Investment Policies mentioned in clause 2, Risk Factors mentioned in clause 2.13 and Warnings in clause 9 before making any investment decision.