PACRA Maintains Stability Rating of AWT Islamic Income Fund

AWT Islamic Income Fund ('AWIIF' or the 'Fund') is a moderate risk profile Fund. The investment objective of the Fund is to generate competitive risk adjusted returns by investing in short, medium and long-term Shariah Compliant Fixed Income Instruments. As of Dec’25, the Assets Under Management (AUM) of the Fund stood at ~PKR 63,098 million, reflecting an increase from ~PKR 57,232 million as of Jun’25. The growth in AUM indicates sustained investor confidence and stable inflows during the period. In terms of asset class, ~49.0% of assets are deployed in Bai Muajjal, ~29.7% in bank deposits, and ~9.7% in Government of Pakistan (GOP) Ijara Sukuks, with the remainder invested in other instruments. From a credit quality standpoint, ~34.9% of assets are invested in AA+ rated avenues, ~34.4% in Government Securities/AAA rated instruments, and ~16.5% in AA- rated exposures, with the remaining portion in other categories. As of Dec’25, the Weighted Average Maturity (WAM) of the Fund stood at ~160 days, indicates low sensitivity to interest rate movements. The top ten unit holders accounted for ~32.1% of the total AUM, of these holdings, ~2.4% belong to associated parties. This concentration expose the Fund to moderate redemption pressure in the event of large withdrawals. In terms of performance, the Fund reported an annualized return of ~9.98% as of Dec’25. This performance exceeds both the benchmark return of ~9.30% and the peer average return of ~9.38%, reflecting effective portfolio management and competitive income generation within the Fund’s risk parameters.
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
AWT Investments Limited (AWTIL) is a public unlisted company, incorporated in 2011, operating as a licensed Non-Banking Finance Company (NBFC) under the regulatory oversight of the Securities and Exchange Commission of Pakistan (SECP). As a wholly-owned subsidiary of Army Welfare Trust (AWT), the company is authorized to manage open-end and closed-end funds while providing comprehensive Investment Advisory Services. AWTIL is governed by a six-member Board of Directors, ensuring strong oversight and strategic direction. The company is led by Mr. Sajjad Anwar, Chief Executive Officer (CEO), a CFA charter holder with over 24 years of distinguished experience in Equity Research, Portfolio Management, Investment Advisory, Risk Management, and Finance & Accounts. Prior to joining AWTIL, Mr. Anwar served as Chief Investment Officer (CIO) at NBP Funds, bringing proven expertise and leadership in the asset management industry. AWTIL manages Shariah-compliant investment solutions, catering to a broad spectrum of investor preferences. As of December 2025, the company’s Assets Under Management (AUM) surpassed PKR 72,577 million, reflecting its strong market presence and disciplined investment approach. With a foundation built on transparency, regulatory compliance, and strategic asset allocation, AWT Investments Limited continues to strengthen its position as a trusted wealth management partner. The company remains dedicated to delivering sustainable returns, innovative financial solutions, and superior client service in Pakistan’s dynamic investment landscape.