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Karachi: MCB Investment Management Limited has declared a daily dividend payout for the Alhamra Islamic Money Market Fund (ALHIMMF), as announced on July 5, 2024.
The Chief Executive Officer, on behalf of the fund’s Board of Directors, approved a dividend of Re. 0.0567 per unit. This dividend will be distributed to all unit holders registered in the fund’s records at the close of business on July 5, 2024.
According to information available from the Pakistan Stock Exchange (PSX), this daily distribution reflects the fund’s commitment to providing regular returns to its investors, aligning with the objectives of delivering consistent income while adhering to Islamic financial principles.
This announcement underscores the management’s strategy to enhance shareholder value through frequent and transparent distributions, contributing to the fund’s appeal among investors seeking Sharia-compliant investment opportunities.