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Karachi: Interim payouts for the fiscal year ending June 30, 2024, have been announced by Faysal Asset Management Limited. According to the CEO, authorized by the board, distributions will be made to unitholders registered by the close of business on June 28, 2024. This decision impacts several funds under the management company’s portfolio.
Faysal Asset Management confirmed the following payout details for six of its funds. Each fund’s payout is expressed both in rupees per unit and as a percentage of the par value, which is set at Rs. 100 per unit. The payouts are as follows:
The Faysal Asset Allocation Fund, an asset allocation scheme, will distribute Rs. 41.55 per unit, equating to 41.55% of the par value.
The Faysal Islamic Asset Allocation Fund, adhering to Shariah-compliant asset allocation, will see a payout of Rs. 19.55 per unit, or 19.55%.
For the Faysal Islamic Stock Fund, which is a Shariah-compliant equity scheme, the payout will be Rs. 65.76 per unit, representing 65.76%.
The Faysal Islamic Special Income Plan-I, a Shariah-compliant income scheme, has set its payout at Rs. 1.97 per unit, or 1.97%.
Investors in the Faysal Islamic Mustakil Munafa Fund, also known as the Faysal Islamic Mehdood Muddat Plan-I, a fixed rate/return scheme, will receive Rs. 2.69 per unit, equating to 2.69%.
Lastly, the Faysal Islamic Financial Planning Fund-II, part of the Sharia Capital Preservation Plan X, will distribute Rs. 21.77 per unit, or 21.77%.
According to information available from the Pakistan Stock Exchange (PSX), TRE certificate holders of the exchange have been advised of the interim payouts. This proactive communication ensures that all eligible shareholders are aware of their entitlements and can anticipate the financial benefits due by the end of June.