Banking

NITL Launches Fourth Islamic Fund

Karachi, September 17, 2021: To meet the growing demand of Shariah Compliant Investment products, National Investment Trust Limited has launched NIT – Islamic Money Market Fund (NIT-IMMF) with an IPO date of the fund from 20th to 22nd Sept 2021. It is an open-ended fund that primarily aims to invest in the diversified portfolios of Shariah Compliant money market and debt instruments, duly supervised by Shariah advisor Mufti Zeeshan Abdul Aziz.

The objective of this fund is to cater to the requirements of those investors who wish to earn riba-free returns while seeking the maximum possible preservation of their capital.

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On the launching of NIT-IMMF, MD NITL – Mr. Adnan Afridi said that “This new fund will serve the investors who prefer exposure in short term, low risk and highly liquid Shariah Compliant investment avenues”. He further added that NITL will soon launch Pakistan’s First Social Impact Fund which will be dedicated to financing strategic and financially sustainable social initiatives.

NIT manages assets under the management of Rs. 158 billion (as of August 31, 2021), with a total number of investors around 54,000. NIT operates in 27 nationwide branches/offices with a presence in 16 cities across Pakistan. Interested persons can contact us via our website or call 0800-00648.

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