NIT-IEF (Islamic Equity Fund) is an open-end Islamic Equity Fund which invests in Shariah Compliant Listed Equities. Ideally to cater the requirement of those investors, who wish to invest in Shariah Compliant Equities and want to earn Halal, Riba-free returns, as on December 31, 2016 the portfolio of NIT-IEF carries an investment of Rs. 4.729 billion, invested in over 39 companies. The fund belong to arround 3,134 unit holders.
Offering Document - NIT-IEF Fund
Trust Deed - NIT-IEF Fund
Fund Manager Report
Price / NAV History
The objective of the Fund is to provide investors with long term capital growth from an actively managed portfolio of Shariah Compliant listed equities.
Mufti Zeeshan Abdul Aziz is the Shariah Advisor for NIT-IEF. He is a recognized Shariah Scholar and researcher having strong comprehension of all aspects of Islamic Law and Shariah. He has specialized in Islamic Jurisprudence majoring in Islamic Banking & Finance and is associated with several Islamic Financial Institutions as their Shariah Advisor.
Risk 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 Document in particular the Investment Policies mentioned in clause 2, Risk Disclosure mentioned in clause 2.4 and Warnings in clause 9 before making any investment decision.