Karachi: The NBP Fund Management Limited's Islamic Daily Dividend Fund has released its annual report for the fiscal year ending June 30, 2026, revealing a notable decrease in its total income compared to the previous year. According to the report dated October 1, 2026, the fund's total income stood at 913.66 million rupees, a very large or significant move downward from the 1.56 billion rupees recorded in 2025.
The report details the fund's income sources, noting a decline in performance across several categories. Profit on bank balances increased slightly to 435.10 million rupees from 407.61 million rupees, marking a moderate move. However, income from corporate sukuk certificates and government securities fell drastically to 217.49 million rupees from 692.62 million rupees, and income on term deposit receipts dropped significantly to 27.03 million rupees from 228.66 million rupees.
In addition, income on certificates of musharakah decreased to 21.89 million rupees from 46.33 million rupees, while income on certificates of Islamic investment, newly reported this year, added 20.58 million rupees to the fund's revenues. Income on bai muajjal certificates showed a moderate move upwards to 193.17 million rupees from 179.82 million rupees.
The fund also reported a net loss on the sale of investments, amounting to 965 thousand rupees, alongside a net unrealized diminution on the re-measurement of investments classified as financial assets 'at fair value through profit or loss', which contributed to a loss of 632 thousand rupees.
According to information available from the Pakistan Stock Exchange (PSX), the net income for the year before taxation was recorded at 827.96 million rupees, a significant downturn from the 1.44 billion rupees from the previous year. The fund did not report any taxation expenses, resulting in a net income for the year after taxation matching the pre-tax figure.
The expenses for the year totaled 85.70 million rupees, down from 113.87 million rupees in 2025. The most significant expenses included the remuneration of the management company at 62.04 million rupees, along with associated Sindh Sales Tax amounting to 9.31 million rupees. Other noteworthy expenses included 4.49 million rupees for the remuneration of the trustee and 6.12 million rupees for the annual fee to the Securities and Exchange Commission of Pakistan.
Despite the decline in total income, the fund reported an earnings per unit of 4.14 rupees. The allocation of net income after taxation was 811.78 million rupees, decreased from 1.39 billion rupees the previous year. The fund's accounting income available for distribution, excluding capital gains, mirrored this figure at 811.78 million rupees, highlighting a narrowing margin for capital growth.