PACRA Maintains Stability Rating of Faysal Halal Amdani Fund

Faysal Halal Amdani Fund ("FHAF" or the "Fund") is a low-risk, Shariah-compliant money market fund. The objective of Faysal Halal Amdani Fund is to provide competitive rate of return with maximum possible preservation of capital by investing in liquid and low risk Shariah Compliant bank deposits, money market & debt securities. As of Dec'25, the Fund's Assets Under Management (AUM) increased to PKR 53,964 million from PKR 42,677 million as of Jun'25, reflecting a growth of approximately 26.4% during the review period. In terms of asset allocation, the Fund was primarily invested in NBFCs/DFIs (approximately 56.5%), followed by bank deposits (35.8%), short-term sukuks (6.2%), and the remaining in other instruments. From a credit quality perspective, 44.9% of the Fund was invested in Government Securities/AAA rated avenues, 24.3% in AA+, 23.0% in AA, and the remaining in other categories. The Fund's Weighted Average Maturity (WAM) stood at 34 days, indicating moderate exposure to interest rate and credit risk. However, the overall credit risk remains manageable owing to the Fund's significant allocation to Government Securities/AAA rated avenues. In terms of performance, the Fund reported a 12-month trailing return of 9.50% as of Dec'25, which remained below both the benchmark return of 9.95% and the peer average return of 9.63%.
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
Faisal 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 (SECP) to carry out asset management, investment advisory services, REIT management services, and Private Equity and Venture Capital Funds. The Company is also licensed as a Pension Fund Manager. The Board of Directors of the Company comprises seven members, including Mr. Yousaf Hussain, who 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 has extensive hands-on experience in Pakistan's and international capital markets, 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. As of December 2025, the AUM size of the AMC stood at PKR 273 billion.