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Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has upheld the stability rating of the Pak Qatar Khalis Bachat Plan, a medium-risk Shariah-compliant investment offering under the Pak Qatar Islamic Income Fund. This affirmation underscores the Plan’s commitment to providing retail investors with stable yearly dividends and Takaful benefits.
The Pak Qatar Khalis Bachat Plan combines medium-to-long-term income instruments with short-term money market placements. This strategy aims to deliver superior risk-adjusted returns while strictly adhering to Islamic investment principles. As of March 2025, the Plan reported Assets Under Management (AUM) amounting to PKR 353 million.
The Plan allocates 41% of its assets to Corporate Sukuks, 31% to bank deposits, and 26% to Government Sukuks. This diversified approach balances income generation with liquidity management, aligning with Islamic guidelines. The credit profile includes 35% allocation to AAA rated instruments, 37% to A+ rated, and 11% to AA rated avenues, reflecting a strategy to enhance yields while maintaining stability.
With a Weighted Average Maturity (WAM) of 904 days, the Plan maintains an extended duration profile. This positioning exposes it to interest rate risks, especially in volatile monetary conditions. However, the 31% allocation in bank deposits provides necessary liquidity support.
Looking ahead, any significant changes in investment policy or rating criteria could affect the rating.