Karachi: MCB Investment Management Limited, the managing entity of ALHAMRA ISLAMIC MONEY MARKET FUND (ALHIMMF), has declared a dividend payout. The announcement came on September 18, 2024, as the fund aims to distribute daily dividends to its investors.

According to information available from the Pakistan Stock Exchange (PSX), the Chief Executive Officer of MCB Investment Management Limited, on behalf of the Board of Directors, has sanctioned a dividend of Re. 0.0534 per unit. This distribution will be awarded to the unit holders registered at the closure of business on September 18, 2024. The designated market category for this distribution is the Islamic Money Market sector.

The dividend distribution by ALHAMRA ISLAMIC MONEY MARKET FUND underscores its commitment to providing regular financial benefits to its investors, enhancing the attractiveness of Islamic financial instruments in the competitive market.