Karachi: MCB Investment Management Limited, overseeing the Alhamra Islamic Money Market Fund (ALHIMMF), has declared a new dividend payout for its shareholders.

According to information available from the Pakistan Stock Exchange (PSX), a dividend of Rs. 0.0435 per unit will be distributed to the shareholders registered in the fund's unit holder register by the end of August 11, 2024. This decision comes directly from the Chief Executive Officer, acting on the directives of the Board of Directors.

This move is part of the finance and investment sector activities, focusing on daily dividend distributions which aim to enhance shareholder value by providing regular income. The fund adheres to Islamic financial principles, ensuring that the returns are compliant with Sharia law.