PACRA Maintains Stability Rating of Alfalah Islamic Rozana Amdani Fund

Alfalah Islamic Rozana Amdani Fund ("AIRAF" or "the Fund") is classified under a low risk profile. The objective of AIRAF is to provide competitive returns and to meet liquidity needs of investors by providing investors a daily dividend by investing in low risk and highly liquid Shariah Compliant money market instruments. As of June 2025, the Fund reported Assets Under Management (AUM) of PKR 17.441 billion. In terms of asset class, 68% of the assets were invested in Government Backed Securities, 13.8% in Placement with banks/DFIs, 8% in Short term Sukuk/ICPs, 7.9% as Cash Placements, and the remaining 2.3% in others including receivables, demonstrating a prudent approach to Islamic liquidity management. The portfolio’s concentration in investment-grade instruments indicates a prudent approach to credit risk management while maintaining full Shariah compliance. With a Weighted Average Maturity (WAM) of 84 days as of June 2025, the Fund maintains limited exposure to interest rate movements.
Going forward, any material changes in the investment policy and/or compliance with the rating criteria for the assigned rating would have an impact on the ratings.

About the Entity
Alfalah Asset Management Limited (Formerly: Alfalah GHP Investment Management Limited) was incorporated on October 18, 2004 as an unlisted public limited company and is licensed by the Securities and Exchange Commission of Pakistan to manage open-ended mutual funds and offer investment advisory services. The Company was established as joint venture Non-Banking Finance Company by Bank Alfalah Limited and GHP Arbitrium. The Company provides a wide range of mutual funds and pension funds both in conventional and Shariah compliant category. The Company also provides investment advisory services to HNW individuals and corporate clients. The Company’s board of directors comprises eight members including the Chairman (Mr. Atif Aslam Bajwa) and the Chief Executive Officer (Mr. Khaldoon Bin Latif). The board is dominated by representatives of MAB Investments and Bank Alfalah Limited. The board has two independent and five non-executive directors. The board members possess strong profile and skills suited to the financial services industry. Assets under management of the Company stood at ~PKR 291bln at end Jun'25.