Karachi: The MCB Investment Management Limited has announced a daily dividend distribution for its Alhamra Islamic Money Market Fund (ALHIMMF) on July 11, 2024.

The Chief Executive Officer, representing the company's Board of Directors, stated that a dividend of Re. 0.0521 per unit will be paid to those registered as unit holders at the market close of July 11, 2024. This decision is part of the ongoing efforts to provide regular financial returns to investors of the ALHIMMF.

According to information available from the Pakistan Stock Exchange (PSX), the payout is consistent with the fund's objective to offer competitive returns to its investors while adhering to Islamic financial principles. The Alhamra Islamic Money Market Fund, managed by MCB Investment Management Limited, targets maintaining liquidity and achieving stable returns, compliant with Shariah guidelines.

This recent distribution reflects MCB’s commitment to its investment approach and dedication to meeting the expectations of its shareholders through prudent fund management and adherence to Islamic financial ethics.