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.
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Price / NAV History
Offering Starts from July 04, 2016
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 March 31, 2017 NIT-IIF had fund under management of around Rs. 753 Million.
Risk Disclaimer: All investments in mutual fund are subject to market risks. Investors are advised in their own interest to carefully read the contents of the Offering Document, in particular the Investment Policies mentioned in Clause 2.1.1, Risk factor in Clause 2.4 and Warnings in clause 9.1 before making any investment decision.