PACRA Maintains Stability Rating of Alhamra Daily Dividend Fund

Alhamra Daily Dividend Fund ("ALHDDF" or "the Fund") is classified under a medium risk profile. The objective of ALHDDF is aimed at meeting investors' short to medium term investment requirements. The scheme seeks to provide investors’ a daily dividend through investment in shariah compliant instruments. As of June 2025, the Fund reported Assets Under Management (AUM) of PKR 3.337 billion, reflecting its established presence in Pakistan's shariah compliant income segment. In terms of asset class, 60.9% of assets were allocated as Cash placements and 35% to Term Finance Certificates/Sukuks including IP/Pre-IPO Amount, with the remaining 4.1% in others including receivables. From a perspective of credit quality, 60.5% of assets invested in AA rated instruments and 35% in A1 rated avenues, whereas 4.1% in others, maintaining full compliance with Shariah investment principles. With a Weighted Average Maturity (WAM) of 32 days as of June 2025, the Fund exhibits minimal sensitivity to credit risk movements and market volatility.
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 rating.

About the Entity
MCB Investment Management Limited (MCBIM) is a public listed company regulated by the Securities and Exchange Commission of Pakistan (SECP). It holds licenses for asset management, investment advisory, and pension fund management, catering to both Conventional and Shariah investment solutions. As of December 2024, MCBIM manages a diversified portfolio, including 26 Open-End Mutual Funds and 4 Voluntary Pension Schemes, while also maintaining a leading position in Separately Managed Accounts (SMA) and investment advisory services. MCBIM’s major shareholders include MCB Bank Limited (~81.42%), Adamjee Insurance Company Limited (~7.59%), and the general public (~9.28%). Mr. Khawaja Khalil Shah serves as the Chief Executive Officer of the company. The Board comprises a balanced composition of 4 Non-Executive Directors and 3 Independent Directors, ensuring robust governance, objective decision-making, and alignment with regulatory best practices. The Company’s assets under management (AUM) have grown significantly, reaching approximately PKR 393 Billion as of June 2025, reflecting its strong market presence and consistent growth in Pakistan’s asset management industry.