Karachi: MCB Investment Management Limited, the management company of ALHAMRA Islamic Money Market Fund (ALHIMMF), has announced a daily dividend distribution for its unit holders. The Chief Executive Officer of MCB Investment Management Limited, on behalf of the Board of Directors, has approved a payout for the date of January 19, 2025.

The dividend distribution entails a payout of Re. 0.0174 per unit, which will be allocated to those unit holders whose names appeared in the unit holder register as of the close of January 19, 2025. This decision reflects the ongoing commitment of MCB Funds to provide returns to its investors in the Islamic money market sector.

According to information available from the Pakistan Stock Exchange (PSX), the ALHAMRA Islamic Money Market Fund is part of the designated market category that focuses on Shariah-compliant investment products. This initiative is in line with the fund's strategy to offer sustainable income opportunities for its investors while adhering to Islamic finance principles.

The daily dividend distribution serves as a testament to the fund's robust performance and continuous efforts to maximize returns for its stakeholders. The management of MCB Funds remains dedicated to maintaining transparency and delivering consistent value to its unit holders through strategic investments and prudent fund management.