Karachi: The Alhamra Islamic Income Fund, managed by MCB Investment Management Limited, has reported a substantial decrease in its financial performance for the quarter ending September 30, 2026. The report, released on October 20, 2026, highlights a notable decline in income and net income compared to the same period last year.

The fund's total income for the quarter was recorded at 297.15 million rupees, a very large or significant move of 76.07% down from the 1.24 billion rupees reported in the corresponding quarter of 2025. The income from government securities, a major component, fell to 339.61 million rupees from 591.82 million rupees. Additionally, the fund experienced a net capital loss of 14.76 million rupees on the sale of investments, contrasting with a net gain of 22.35 million rupees in the previous year.

Income from term finance certificates dropped to 12.64 million rupees from 28.76 million rupees, and profit on bank deposits saw a very large or significant move, declining to 161.49 million rupees from 478.12 million rupees. The fund recorded no income from Musharika, compared to 55.23 million rupees previously. According to information available from the Pakistan Stock Exchange (PSX), the unrealized appreciation in the fair value of investments classified as "at fair value through profit or loss" registered a loss of 202.99 million rupees, compared to a gain of 63.68 million rupees last year.

Total expenses for the quarter decreased to 60.96 million rupees from 155.99 million rupees, which includes the remuneration of the Management Company and Trustee, Sindh sales tax, and other operational charges. The net income before taxation for the period stood at 236.19 million rupees, reflecting a very large or significant move decline from the 1.09 billion rupees reported in the previous year. After accounting for income paid on units redeemed, the net income for distribution was 149.83 million rupees, compared to 893.20 million rupees last year.

The fund classified its accounting income available for distribution as relating to capital gains and excluding capital gains, with this quarter exclusively comprising income excluding capital gains amounting to 149.83 million rupees. The designated market category for this report is the financial sector, detailing the fund's performance and financial health in the current economic landscape.