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Introduction

NIT Islamic Money Market Fund (NIT-IMMF) is an Open-ended Shariah Compliant Money Market Scheme which primarily invests in Shariah Compliant Authorized Investments.
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Initial Public Offering

IPO From
September 20 to 22, 2021.
"No front-end load fees will be charged during IPO"




Shariah Advisor

Mufti Zeeshan Abdul Aziz is the Shariah Advisor for NIT IMMF. 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.


Objective

The objective of NIT Islamic Money Market Fund (NIT IMMF) is to provide competitive return by primarily investing in low risk and highly liquid Shariah Complaint Money Market & Debt Instruments and will serve the investors who prefer exposure in low risk, short term, highly liquid shariah compliant investment avenues.


Benefits of NIT-IMMF
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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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Low 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-IMMF:

  • 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

PLEASE CHOOSE FUND
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Fund Facts


Fund Type Image Not Found
Open-End


Category Image Not Found
Shariah Compliant Money Market


Risk Profile Image Not Found
Low


Fund Stability Rating Image Not Found
Once the scheme becomes eligible for rating


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


Par Value Image Not Found
Rs. 100/-


Transaction Charges Image Not Found
Front-End Load: Upto 1% of NAV *
*Management Company may waive the Front-end load fully or partially at its own discretion to any investor.
Back-End Load: NIL


Management Fee Image Not Found
Up to 2% of gross earnings (minimum 0.05% and maximum
0.75% of net assets), within allowable expense ratio
limit.


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Backward Day


Benchmark Image Not Found
The three (3) months average deposit rates of three(3)
AA rated Scheduled Islamic Banks or Islamic Banking
windows of Conventional Banks as selected by MUFAP

Offering Document

PLEASE CHOOSE OFFERING DOCUMENT




Trust Deed

PLEASE CHOOSE TRUST DEED



Invest Now

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