PACRA Maintains Stability Rating of AL Habib Islamic Savings Fund

AL Habib Islamic Savings Fund (“AHISAVF” or “the Fund”) is a medium risk profile fund. The investment objective of the Fund is to provide competitive risk-adjusted returns to its investors by investing in a diversified portfolio of long, medium, and short-term Shariah-compliant debt instruments while taking into account liquidity considerations. As of Dec ’25, the Fund’s AUM stood at ~PKR 22.398bln, up from ~PKR 13.168bln in the last review. In terms of asset allocation, the Fund maintained ~57.65% in Cash holdings, followed by ~32.93% in GOP Ijarah Sukuk and ~8.02% in placements with Banks, while the remaining ~1.41% was allocated to other instruments. The allocation reflects a highly liquid strategy complemented by significant exposure to sovereign Shariah-compliant instruments to support stability and return generation. From a credit quality perspective, ~45.26% of the portfolio was invested in AAA rated avenues, ~32.93% in Government Securities, ~8.02% in AA+, ~4.99% in AA, and ~7.40% in AA- rated instruments, with the remaining ~1.41% allocated to other categories. This composition indicates a strong credit quality profile with a dominant allocation to high-grade instruments. At end-Dec’25, the Fund’s duration stood at 193 days, indicating moderate sensitivity to interest rate movements. Meanwhile, the WAM was recorded at 353 days, reflecting exposure to relatively longer-tenor instruments. The unit holding pattern remained moderately concentrated, with approximately 66.73% of units held by the top 10 investors, comprising both individual and corporate investors. In terms of performance, the Fund reported an annualized 12-month trailing return of 10.26% as of Dec’25, which remained above the benchmark return of 10.06%, indicating slight outperformance.
Going forward, any material changes, in the investment policy, and/ or compliance with rating criteria for the assigned rating would have impact on the ratings.

About the Entity
AL Habib Asset Management Limited ('AHAML') incorporated in September 2005 as an unlisted public company, is the fastest-growing Asset Management and Investment Advisory Company in Pakistan. The company is licensed by the Securities and Exchange Commission of Pakistan (SECP) to carry out these services under the Non-Banking Finance Companies Regulations. The Company is a wholly-owned subsidiary of Bank AL Habib Limited. The Board of Directors comprises six members. The CEO, Mr. Kashif Rafi, has vast experience expanding over 22 years in the field of Investments and Fund Management. The Company’s diverse product slate includes 8 conventional funds and 5 Shariah-compliant in open-ended schemes. As of Dec '25, the total AUMs of AHAML stood at PKR 332.63bln.