HBL Islamic Money Market Fund
HBL Islamic Money Market Fund is an open end Shariah Compliant Money Market Fund managed by HBL Asset Management Limited, a wholly owned subsidiary of HBL.
To seek high liquidity, competitive return and maximum possible preservation of capital for investors by investment in low risk Shariah Compliant securities.
Benefits of Investing in HBL Islamic Money Market Fund:
- Ideal for investors who seek a shariah compliant short-term return and wish to keep their savings liquid like bank deposits.
- Minimum Investment: 1,000/-
- Regular Income Options: Short term needs are catered to by monthly, quarterly or annual payments
- Holding Period: No fixed term; can be redeemed at any time.
- Tax Credit: Can be availed by Salaried and self-employed individuals as per current tax laws.
- CGT: Capital Gains Tax will be deducted as per current tax laws.
- Bank Financing: Units can be used as a collateral against financing
- Encashment: 2-3 Days. However constitutive documents of the fund allow up to six working days.
- Front end Load: Nil
- Risk Level: Low