Karachi, The latest financial disclosures from various JS Islamic funds listed on the Pakistan Stock Exchange (PSE) reveal a range of year-end distributions and stable fund values, signifying a robust performance in the Islamic financial sector.
The JS Islamic Fund, with an offer price of Rs 130.53 and a redemption price of Rs 126.25, announced a significant distribution of Rs 40.00 per unit. This fund, which began in 2003, has shown consistent performance over the years. The JS Islamic Government Securities Fund, established in 2013, also reported a steady outcome with an offer price of Rs 121.98 and a redemption price of Rs 120.61, declaring a distribution of Rs 5.00 per unit.
Meanwhile, newer funds like the JS Islamic Hybrid Fund of Funds, initiated in 2018, displayed a different strategy with no reported distributions and an offer and redemption price standing at zero. This pattern was observed in various other JS Islamic Hybrid Fund of Funds, with some showing distributions such as Rs 21 per unit for the second fund, while others reported no distributions.
Additionally, the JS Islamic Premium Fund, launched this year, and the JS Large Cap. Fund, started in 2010, showed offer prices of Rs 104.71 and Rs 180.15 respectively. The latter announced a distribution of Rs 8.00 per unit, underscoring its growth in the large-cap sector. The JS Microfinance Sector Fund, the newest with a 2022 start, listed an offer price of Rs 102.78 and a redemption price of Rs 101.63 but did not announce any distributions.
Each fund adheres to Islamic financial principles, offering a variety of options for investors seeking halal investment opportunities in the financial markets. These announcements provide crucial insights into the performance and strategies of Islamic funds within Pakistan's evolving financial landscape.