JS Islamic Income Fund
(Formerly: JS Islamic Government Securities Fund) (JS IIF)
JS Islamic Income Fund (Formerly: JS Islamic Government Securities Fund) (JS IIF)is an open end “Shariah Compliant Income Scheme” The objective of JS Islamic Income Fund (Formerly: JS Islamic Government Securities Fund) (JS IIF) is to generate stable returns and ensure capital preservation over medium to long term, by investing primarily in quality Sukuks,Shariah-compliant Government Securities, Shariah-compliant Bank Deposits and other Shariah-compliant debt instruments.
Benefits of Investing
Shariah compliance criteria set and monitored by Shariah Advisors
Riba free and competitive returns
Better expected returns compared to Shariah-compliant bank accounts.
Suitable for investors seeking stable returns of halal income
Flexibility to withdraw your investment anytime
Tax Efficient returns and Tax Credit (Under prevailing Tax laws)
*Subject to terms and conditions as specific in the Offering Documents.
Fund Name: JS Islamic Income Fund (Formerly: JS Islamic Government Securities Fund) (JS IIF)
Fund Type & Category: Open End Open-End Shariah Compliant Income Scheme | Perpetual
Fund Rating: AA- (f)
Risk Profile: Low-Medium
Benchmark: The performance benchmark of the scheme shall be “Six (6) months average deposits rate of three (3) A rated scheduled Islamic banks or Islamic windows of conventional banks as selected by MUFAP”.
Minimum Investment: 1 unit
Front end Load: Up to 1%
Back end load: Nil
Management Fee: 1.00% p.a.
Payment Instruction: Cheque or bank draft or pay order, made payable to “MCB FSL Trustee JS Islamic Income Fund”
Management Quality Rating: AM2 by JCR-VIS
*Rating by PACRA
For more information:
Toll free: 0800-00887
Product Page: http://www.jsil.com/details.php?fund_code=27
About JS Investments Limited
JS Investments Limited (JSIL) is a subsidiary of JS Bank Limited, and is the oldest Asset Management Company (established 1995) in Pakistan. JSIL is part of JS Group – one of Pakistan’s most diversified and prestigious financial groups, with a strong presence in the nation’s banking, insurance, brokerage, and asset management sectors.
JS Investments, with its fund management expertise, has become a reliable partner for investors seeking to achieve their financial goals. JSIL has been serving over 40,000 Institutional and Individual investors across the nation for more than 20 years.