The Pakistan Credit Rating Agency Limited
19-Nov-25
Analyst
Usama Ali
usama.ali@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
- Methodology | Correlation Between Long-term & Short-term Rating Scales | Apr-25
- Methodology | Rating Modifiers | Apr-25
- Assessment Framework | Stability Rating | Jul-25
Related Research
This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA
PACRA Maintains Stability Rating of AKD Islamic Daily Dividend Fund
| Rating Type | Stability Rating | |
|
Current (19-Nov-25 ) |
Previous (18-Jul-25 ) |
|
| Action | Maintain | Maintain |
| Long Term | AA(f) | AA(f) |
| Short Term | - | - |
| Outlook | Stable | Stable |
| Rating Watch | - | - |
AKD Islamic Daily Dividend Fund (‘AKD IDDF’ or the ‘Fund’) reflects the Fund’s low risk profile. The objective of the Fund is to provide competitive return in form of daily dividend by investing in low-risk and highly liquid Shariah Compliant money market instruments. At the end Jun'25, in perspective of asset allocation, the exposure in Cash was ~28.55%, ~49.82% in GoP Ijarah Sukuk, ~14.77 in Short Term Sukuk, and the remaining ~6.85% in others including receivables. In terms of credit quality, at the end Jun-25, the Fund had invested ~50% in Government Securities, ~43% in AA rated avenues, and the remaining ~7% in unrated avenues. At the end Jun-2025, the Weighted Average Maturity (WAM) and Duration of the Fund stood at 25 days.
Going forward, any material changes in the investment policy and compliance with the rating criteria for the assigned rating would have an impact on the ratings.
About
the Entity
AKD Investment Management Limited commenced its operations in September 2004. The Company is registered as an Asset Management Company under the Non-Banking Finance Companies Rules, 2003. The Company is sponsored by AKD Group Holdings (Private) Limited [Formerly: Aqeel Karim Dhedhi Securities(Private) Limited] (99.97% ownership). The Board of Directors of the Company comprises seven members, including the CEO Mr. Imran Motiwala, who has been serving as the Chief Executive Officer of AKD Investment Management Limited since 2009. The Company is currently managing eight open-end funds with assets under management of ~PKR 9,676mln at the end of Jun'25.