HBL Islamic Stock Fund
HBL Islamic Stock Fund is an open end Shariah Compliant Equity Fund managed by HBL Asset Management Limited, a wholly owned subsidiary of HBL.
To provide long term, capital growth by investing in Shariah Compliant Equity securities.
Benefits of Investing in HBL Islamic Stock Fund:
- Ideal for investors who wish to make shariah compliant investments for long term capital growth.
- Investment Amount: Minimum of Rs. 1,000/=
- 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.
- Encashment: 2-3 Days. However constitutive documents of the fund allow up to six working days.
- Front end Load: 2%
- Risk Level: High