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In order to provide you the required facility of NIT Web Portal / Mobile App, we attach herewith an application form of NIT-Web Portal & Mobile App Webportal W-1". You are requested to please fill in and send your signed form to NIT-Branch where your account is registered. After updating your details in our system, you may be able to further proceed and avail this facility.


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Introduction

NIT Islamic Income Fund (NIT-IIF) is an open-end Islamic Income Fund which invests in Shariah Compliant instruments. Ideally to cater the requirement of those investors, who wish to earn Riba free Halal returns. The objective of the Fund is to generate a stable Shariah compliant income stream, while seeking maximum possible preservation of capital, over the medium to long-term period, by investing in a diversified portfolio of Shariah Compliant fixed income and money market instruments.

Daily Price

As on 21 Oct 2020
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Sale Repurchase
9.7212 9.7212




Shariah Advisor

Mufti Zeeshan Abdul Aziz isthe Shariah Advisor for NIT IIF. He is a well recognized Shariah Scholar of industry 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, as on June 30th, 2019 NIT-IIF had fund under management of around Rs. 1.01 Billion.


Objective

The objective of NIT Islamic Income Fund is to generate a stable Shariah compliant income stream, over the medium to long term, by investing in a diversified portfolio of Shariah compliant fixed income and money market instruments.


Benefits of NIT-IIF
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Competitive Returns
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Low Management Fee
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Professional Fund Management Expertise
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Moderate Risk

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No Minimum Holding Period
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Ease of Redemption
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No Penalty on withdrawal
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Easy Encashment

Features of NIT-IIF:

  • Competitive Riba-free Returns
  • Shariah compliant investments
  • Low Wakalah Fee (Management Fee)
  • Professional fund management expertise
  • Risk diversification

Risk Meter

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Price NAV / History

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Fund Facts


Fund Type Image Not Found
Open-End


Category Image Not Found
Shariah Compliant (Islamic) Income


Risk Profile Image Not Found
Medium


Fund Stability Rating Image Not Found
A+(f)


Minimum Investment Image Not Found
Initial Amount: PKR 1,000
Subsequent Amount: PKR 500


Par Value Image Not Found
Rs. 10/-


Transaction Charges Image Not Found
Front-End Load: NIL
Back-End Load: NIL


Management Fee Image Not Found
7.5% of Gross Earings of the fund , subject to a minimum
fee of 0.25% p.a. and maximum fee of 1% p.a. of Average
Annual Net Assets.


Pricing Mechanism Image Not Found
Forward Day


Benchmark Image Not Found
Six (6) months average deposit rates of three (3)
A rated scheduled Islamic Banks or Islamic windows
of Conventional Banks as selected by MUFAP

Offering Documents

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Trust Deed

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3 Years Performance Period

Performance period FY19 FY18 FY17
NIT-IIF 8.17% 4.41% 4.61%
Benchmark 3.11% 2.44% 3.69%
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