NIT-IEF (Islamic Equity Fund) is an open-end Islamic Equity Fund which invests in Shariah Compliant Listed Equities. Ideally to cater the requirement of those investors, who wish to invest in Shariah Compliant Equities and want to earn Halal, Riba-free returns, as on March 31st, 2024 the portfolio of NIT-IEF carries an investment of Rs. 2.904 billion, invested in over 47 companies. The fund belong to around 2,561 unit holders
Shariah Advisor
Mufti Zeeshan Abdul Aziz is the Shariah Advisor for NIT-IEF. He is a recognized Shariah Scholar and researcher having strong comprehension of all aspects of Islamic Law and Shariah. He has specialized in Islamic Jurisprudence majoring in Islamic Banking & Finance and is associated with several Islamic Financial Institutions as their Shariah Advisor.
Objective
The objective of the Fund is to provide investors with long term capital growth from an actively managed portfolio of Shariah Compliant listed equities
Daily Price
Price Valid For 01 Oct 2024
NIT-IEF
Sale
11.61
Repurchase
11.61
Features of NIT-IEF
Competitive Riba-free Returns
Portfolio of Shariah Compliant Assets
Professional Fund Management Expertise
Risk Diversification
No Minimum Holding Period
Risk Meter
Fund Facts
Fund Type
Open-End
Category
Shariah Compliant (Islamic) Equity
Risk Profile
High
Minimum Investment
Initial Amount: PKR 5,000
Subsequent Amount: PKR 5,000
Par Value
Rs. 10/-
Transaction Charges
As per SECP Circular No. 26 of 2015,
no sales load is charged if the investor
approaches directly for investment
