Faysal Asset Management Announces Interim Payouts for Shariah-Compliant Funds

Karachi, Faysal Asset Management Limited has declared interim payouts for two of its Shariah-compliant funds for the fiscal year ending June 30, 2024. The payouts were approved by the Chief Executive Officer under the authority delegated by the Board.

According to information available from the Pakistan Stock Exchange (PSX), the payouts apply to unitholders registered by the close of business on June 25, 2024. The Faysal Islamic Sovereign Fund, categorized as a Shariah Compliant Income Scheme, will distribute Rs. 2.22 per unit, which corresponds to 2.22% of the par value of Rs. 100 per unit. Similarly, the Faysal Islamic Financial Growth Fund, a Shariah Compliant Aggressive Fixed Income Scheme, will pay Rs. 2.37 per unit, amounting to 2.37% of the par value.

These payouts reflect Faysal Asset Management’s commitment to delivering value to its investors, particularly those interested in Shariah-compliant financial instruments. The funds are part of the company’s broader range of investment solutions aimed at accommodating diverse investor needs while adhering to Islamic financial principles.