Karachi: MCB Investment Management Limited has declared a daily dividend distribution for its ALHAMRA Islamic Money Market Fund (ALHIMMF). The Chief Executive Officer, on behalf of the Board of Directors, approved a dividend payment of Re. 0.0329 per unit. This payout will be granted to the unit holders listed in the register at the market's close on September 21, 2024.

The announcement impacts investors of the ALHAMRA Islamic Money Market Fund, categorized under the Islamic money market sector. According to information available from the Pakistan Stock Exchange (PSX), the fund has consistently provided dividends, aiming to offer stable returns to its investors through Sharia-compliant investment avenues.

The designated market category of this fund ensures adherence to Islamic financial principles, appealing to a specific investor base seeking ethical investment opportunities.