MCB Investment Management Reports Decline in Net Income for Alhamra Islamic Asset Allocation Fund

Karachi: MCB Investment Management Limited announced the financial results for the Alhamra Islamic Asset Allocation Fund for the fiscal year ending June 30, 2026. The Board of Directors approved the results during their meeting at the company's head office on August 4, 2026.

The income statement for the year revealed a total income of 634.61 million rupees, a decline from the previous year's total of 881.45 million rupees. This represents a very large or significant move in income. The capital gain on the sale of investments was reported at 251.25 million rupees, down from 329.46 million rupees in 2025. Dividend income also saw a decrease, with figures of 68.55 million rupees compared to 86.21 million rupees the previous year. However, profit on bank deposits showed an increase, rising to 40.62 million rupees from 27.41 million rupees.

Total expenses for the fund rose to 93.53 million rupees, compared to 81.68 million rupees the prior year. The remuneration of MCB Investment Management Limited, the management company, was 68.34 million rupees, representing a moderate move from 59.08 million rupees in 2025. Sindh sales tax on the remuneration of the management company increased to 10.25 million rupees from 8.86 million rupees.

According to information available from the Pakistan Stock Exchange (PSX), the net income for the year before taxation was 541.08 million rupees, down from 799.76 million rupees, indicating a very large or significant move. Earnings after taxation remained the same as the pre-tax figures due to the absence of taxation costs.

The fund's net earnings after taxation amounted to 541.08 million rupees, with income already paid on units redeemed totaling 117.55 million rupees. The resultant allocation of net income for the year was 423.52 million rupees, down from 667.31 million rupees in the previous year.

Designated market category: The fund's financial performance is crucial for investors within the Islamic asset management sector, as it reflects the broader market conditions and the management's strategic decisions over the fiscal year.