Pak-Qatar Asset Management Company Declares PKR 1.9730 Per Unit Dividend for Monthly Income Plan.

Karachi: Pak-Qatar Asset Management Company Limited (PQAMC) is a renowned Islamic Asset Management Company in Pakistan, part of the Pak-Qatar Group, which is the country’s pioneer in Islamic financial services. PQAMC has announced a monthly dividend for its Pak-Qatar Monthly Income Plan (PQMIP) under the Shariah-Compliant Income Fund. The plan is one of the highest return-paying funds in its category.

According to Pak-Qatar Asset Management Company Limited, the PQMIP declared a dividend of PKR 1.9730 per unit for October 2024, achieving an annualized return of 20.97% year-to-date, as of October 31, 2024. PQAMC holds an AM2 rating with a ‘Stable Outlook’ from PACRA, while the PQMIP plan itself is rated A+ with a ‘Stable Outlook’.

The Chief Executive Officer of PQAMC, Mr. Farhan Shaukat, who has been authorized by the Board of Directors, approved the dividend distributions for October 2024. Mr. Shaukat expressed satisfaction with the distribution, highlighting that it demonstrates the company’s strong and steady performance and its dedication to delivering value and excellence to the Participants of PQMIP. He extended gratitude to their investors for their trust and commitment as PQAMC continues to thrive in the market.

Pak-Qatar Group aims to contribute to Pakistan’s economy by investing in innovative and Halal financial ventures and services for sustainable growth. Stakeholders interested in reviewing the performance of the Pak-Qatar Monthly Income Plan can visit the Mutual Funds Association of Pakistan (MUFAP) website.

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