Islamabad: MCB Investment Management Limited, the manager of the Alhamra Islamic Money Market Fund (ALHIMMF), has announced a daily dividend payout. The dividend, amounting to Rs. 0.0666 per unit, will be distributed to the unit holders recorded in the register at the close of business on September 20, 2024.

The decision for this dividend distribution was made by the Chief Executive Officer on behalf of the fund's Board of Directors. This distribution aligns with the fund’s strategy to provide regular returns to its investors.

According to information available from the Pakistan Stock Exchange (PSX), the Alhamra Islamic Money Market Fund is categorized under the Islamic Money Market sector, emphasizing its compliance with Shariah investment principles. The fund seeks to maintain liquidity and safety of principal for investors by investing in a diversified portfolio of short-term, high-quality, interest-free securities.

This latest dividend payout reflects the fund's ongoing commitment to delivering value to its shareholders and maintaining transparent and regular communications with its investors regarding financial distributions.