Karachi: The management of MCB Investment Management Limited has announced a dividend payout for the ALHAMRA ISLAMIC MONEY MARKET FUND (ALHIMMF). The designated market category for this news is finance and investment. On August 14, 2024, the Chief Executive Officer, on behalf of the Board of Directors, approved a daily dividend of Re. 0.0409 per unit. This amount will be distributed to the unit holders listed in the fund's register at the close of business on the same date.

According to information available from the Pakistan Stock Exchange (PSX), this distribution underscores the company's commitment to regular shareholder returns, particularly in the context of Islamic financial services. ALHIMMF is designed to comply with Shariah principles, which prohibit interest and promote profit-sharing.