NIT


Introduction

NIT Islamic Money Market Fund (NIT-IMMF) is an open-ended, Shariah-compliant money market scheme that primarily invests in short tenor Shariah-compliant instruments, Bank placements and other Shariah-compliant money market instruments. With a maximum allowable weighted average time to maturity of 90 days, the fund offers a low-risk shariah compliant Investment option for its investors.

Shariah Advisor

Mufti Zeeshan Abdul Aziz serves as the Shariah Advisor for NIT-IMMF. He is a well-recognized Shariah scholar and researcher, known for his deep understanding of Islamic law and finance. With a specialization in Islamic Jurisprudence, particularly Islamic Banking & Finance, he advises several Islamic financial institutions.


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 Compliant Money Market & Debt Instruments.

Daily Price

Price Valid For
03 Jun 2026

NIT-IMMF

Sale

111.9098

Repurchase

110.8018

Features of NIT-IMMF

  • Better Shariah compliant returns compared to other saving options
  • Fully Shariah-compliant investment portfolio
  • Low Wakalah Fee (Management Fee)
  • Managed by Experienced Fund Managers
  • Diversified risk exposure
  • No Minimum Holding Period
  • No Penalty on Withdrawal
  • Easy Encashment
  • E-Transaction Facility (Including Raast Platform)

Risk Meter

Fund Facts

Fund Type

Open-End

Category

Shariah Compliant Money Market

Risk Profile

Low

Fund Stability Rating

AAA (f) as of 22-January-2025

Minimum Investment

Initial Amount: PKR 1,000/-

Launch Date

23rd September 2025

Transaction Charges

Front-End Load: Upto 1% of NAV (Front-End Load is waived)
Back-End Load: NIL

Management Fee

0.55% p.a. of Average Annual Net Assets

Pricing Mechanism

Backward Day Pricing

Benchmark

90% three (3) months PKISRVV rates + 10% three (3)
months average of highest rates on saving account of three (3) AA rated scheduled Islamic Banks or Islamic
Windows of Conventional Banks as selected by MUFAP

Risk of Principal Erosion

Principal at Low Risk

Subsequent Investments

PKR 500/-

5 Years Performance Period



Performance period NIT-IMMF(%) Benchmark(%)
FY21 *Launched on 23rd September 2021
FY22 10.23% 3.78%
FY23 16.95% 6.23%
FY24 21.43% 10.27%

Offering Documents

Please Choose

Fund FMR

Please Choose

Consolidated FMR

Please Choose

Trust Deed

Please Choose