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NIT

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Introduction

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 September 30, 2025 the net assets of NIT-IEF carries an investment of Rs. 5.507 billion, invested in 44 companies. The fund belongs to around 2,791 unit holders.

Shariah Advisor

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.


Objective

The objective of the Fund is to provide investors with long term capital growth from an actively managed portfolio of Shariah Compliant listed equities.

Daily Price

Price Valid For
03 Jun 2026

NIT-IEF

Sale

19.60

Repurchase

19.60

Features of NIT-IEF

  • Competitive Riba-free Returns
  • Portfolio of Shariah Compliant Assets
  • Professional Fund Management Expertise
  • Risk Diversification
  • No Minimum Holding Period
  • Easy encashment
  • E-transaction facility (via Raast also)

Risk Meter

Fund Facts

Fund Type

Open-End

Category

Shariah Compliant (Islamic) Equity

Risk Profile

High

Minimum Investment

Initial Amount: PKR 5,000
Subsequent Amount: PKR 5,000

Par Value

Rs. 10/-

Transaction Charges

As per SECP Circular No. 26 of 2015,
no sales load is charged if the investor
approaches directly for investment

Management Fee

2.25% p.a. on average Net Assets

Pricing Mechanism

Forward Day Pricing
(on the basis of daily NAV)

Benchmark

KMI 30 Index

5 Years Performance Period



Performance period NIT-IEF(%) Benchmark(%)
FY20 2.78% 1.62%
FY21 33.33% 39.32%
FY22 -18.31% -10.25%
FY23 -2.66% 2.88%
FY24 79.95% 78.70%

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Consolidated FMR

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