Al Ameen Islamic Cash Fund Offers Modest Returns Amidst Stability

Karachi, (PPI Bot): Al Ameen Islamic Cash Fund, part of the open-end mutual funds market, reported a stable performance for the financial year ending June 2023. The fund maintained its offer and redemption prices at Rs. 108.6. It provided distributions of 4.71% in 2021, 5.38% in 2022, and a modest 0.02% in 2023. Since its listing in 2012, the fund has focused on providing consistent, Shariah-compliant returns to its investors.