"Alhamra" an Islamic Investment Division of MCB-Arif Habib Savings and Investments Limited ("MCB-AH") has launched Alhamra Islamic Active Allocation Fund Plan I, an Open-ended Asset Allocation Fund of Funds Scheme. The Initial Offering Period (lOP) of Alhamra Islamic Active Allocation Plan-I ("Plan") will start from December 27, 2016 and end on December 28, 2016. The Plan has an additional feature of post subscription after LOP till January 31, 2017. No subscription money will be accepted after the end of this date.
The [lan will invest in Shariah Compliant Equity and Income Schemes, cash and near cash instruments which includes cash at bank accounts and GOP Ijara Sukuk less than 90 days to maturity. The Plan is aimed to provide investors an opportunity to benefit from the booming stock market while managing risk by adjusting investment levels according to the stock market outlook, overheating and excessive over pricing in stocks.
The plan is targeted towards investors who are looking for healthy returns under the management of professional and experience Fund Manager. The plan has a two-year investment horizon with an objective to earn a potentially high return through active asset allocation among Shariah Compliant Islamic Schemes based on the Fund Manager's outlook of the asset classes.
Alhamra Division of MCB-AH will enhance fifteen (15) years of MCB-AH's legacy through a dedicated Shariah Compliant Islamic Investment platform. Alhamra is governed by a renowned Shariah Advisory Board who conduct a quarterly review of all investments in a combination of income and growth stocks of Shariah compliant companies that have demonstrated a track record of profitability.-PR
Comments
Comments are closed for this article.