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Karachi, In a recent development, MCB Arif Habib Savings and Investments Limited, the management company of ALHAMRA ISLAMIC MONEY MARKET FUND (ALHIMMF), has announced the approval of a daily dividend distribution for unit holders. The Chief Executive Officer, on behalf of the Board of Directors, has sanctioned a dividend of Re. .0518 per unit to be paid to the eligible unit holders whose names appeared in the unit holder register at the close of business on 9th June 2023. This distribution marks a significant development in the fund’s objective to provide attractive returns to its valued investors.
The ALHAMRA ISLAMIC MONEY MARKET FUND (ALHIMMF) has been designed to cater to the needs of investors seeking Shari’ah-compliant investment options in the money market. With a focus on preserving capital and delivering competitive returns, the fund has gained popularity among individuals and institutions alike.
This daily dividend distribution serves as a testament to MCB Arif Habib’s commitment to delivering consistent and rewarding investment opportunities to its unit holders. The Re. .0518 per unit dividend will be disbursed to eligible unit holders, providing them with a tangible benefit from their investment in the ALHIMMF.
Unit holders are advised to ensure that their names are accurately listed in the unit holder register by the aforementioned cut-off date to be eligible for the dividend. The dividend distribution is expected to be processed and credited to the eligible unit holders’ accounts in a timely manner.
MCB Arif Habib Savings and Investments Limited remains dedicated to upholding the highest standards of professionalism and transparency in managing the ALHAMRA ISLAMIC MONEY MARKET FUND (ALHIMMF). The company continues to explore opportunities to enhance investor value while maintaining its focus on offering Shari’ah-compliant investment solutions.
Investors are encouraged to stay connected with MCB Arif Habib Savings and Investments Limited for further updates and information regarding the ALHAMRA ISLAMIC MONEY MARKET FUND (ALHIMMF) and its future dividend distributions.