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NIT-IEF

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 May 31, 2017 the portfolio of NIT-IEF carries an investment of Rs. 5.007 billion, invested in over 40 companies. The fund belong to arround 3,438 unit holders.



Offering Document - NIT-IEF Fund

Trust Deed - NIT-IEF Fund





Fund Manager Report

Price / NAV History


Investment 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.


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.


SALIENT FEATURES

Fund Type Open-End Islamic Equity Fund
Minimum Investment Rs. 5,000/-
Par Value Rs. 10/- per unit
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% p.a. on average Net Assets
Pricing Forward Day Pricing (on the basis of daily NAV)
Benchmark KMI 30 Index
Benefits
Competitive Riba-free Returns
Portfolio of Shariah Compliant Assets
Professional Fund Management Expertise
Risk Diversification
No Minimum Holding Period
Taxation
The Credit will be available to Participants on investment during any Tax Year subject to the limits prescribed under the Income Tax Ordinance 2001 (XLIX OF 2001)



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.