PACRA Maintains Stability Rating of Faysal Halal Amdani Fund

Faysal Halal Amdani Fund (or the "FHAF") maintains a low risk profile. The fund’s objective is to provide a competitive rate of return with the maximum possible preservation of capital, primarily by investing in liquid and low-risk Shariah-compliant bank deposits, money market instruments, and debt securities. As of December 2024, the fund’s asset allocation was as follows: 77.19% in placements with banks, NBFCs, and DFIs, 12.83% in Cash, 4.77% in short-term Sukuks, 2.92% in Ijarah Sukuks, and the remaining 2.30% in other avenues, including receivables. In terms of credit quality, the fund’s investments were predominantly in high-grade instruments, with 38.43% in AA+, 32.15% in AAA, 19.4% in AA, and 3.87% in A1+ rated securities. The fund also had 2.92% in government securities, 2.30% in other receivables, and 0.90% in A1-rated instruments. The Weighted Average Maturity (WAM) of the fund stood at 30 days as of December 2024, aligning with its low credit risk exposure.
Going forward, any material changes in the investment policy or the devised rating criteria for the assigned rating would have an impact on the ratings.

About the Entity
Faysal Funds (Faysal Asset Management Limited) is a subsidiary of Faysal Bank Limited (FBL). FBL is holding 99.99% shares of Faysal Funds. Faysal Funds was incorporated in Pakistan under the Companies Ordinance, 1984 on August 6, 2003, as an unlisted public limited company and is licensed by the Securities and Exchange Commission of Pakistan to carry out asset management, investment advisory services, REIT management services and Private Equity and Venture capital funds. The Board of Directors of the Company comprises seven members, including the Mr. Yousaf Hussain has over 26 years of professional experience, primarily at ABN AMRO Bank where he held multiple senior managerial positions including those within the Corporate / Credit and Transaction Banking functions. He has been with Faysal Bank since August 2008, with a significant contribution to the franchise. Mr. Nadir Rahman is the Director and CEO, and he has extensive, hands-on experience of capital markets in Pakistan and internationally, stretching over 32 years, of which 16 years have been in C level positions, including board level experience with listed, unlisted, and international companies. His core areas of expertise are business development, operations, investment management, M&A and corporate restructuring. He has advised on numerous capital market transactions, including the largest de-listing in Pakistan's history