Faysal Asset Management Limited Announces Interim Distribution for Faysal Shariah Financial Planning Fund – Plan IX and Faysal Islamic Financial Planning Fund-II – Plan X

Karachi, Faysal Asset Management Limited (FAML) has released an important update regarding the interim distribution for the year ending June 30, 2023. The Chief Executive Officer of FAML, authorized by the Board of Directors, has approved the interim distribution for two funds under FAML’s management: Faysal Shariah Financial Planning Fund – Plan IX and Faysal Islamic Financial Planning Fund-II – Plan X.

For Faysal Shariah Financial Planning Fund – Plan IX, the interim distribution has been set at Rs 1.22 per unit, representing 1.25% of the Net Asset Value (NAV) at the beginning of the year. Similarly, for Faysal Islamic Financial Planning Fund-II – Plan X, the approved interim distribution is Rs 1.24 per unit, which is equivalent to 1.24% of the NAV at the beginning of the year.

Unit holders of these funds, who held units as of the close of business on June 27, 2023, will be entitled to receive the respective interim distributions. FAML aims to provide attractive returns to its investors while ensuring adherence to Shariah principles and offering diverse financial planning options.

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