Karachi: NBP Fund Management Limited has released the annual report for its NBP Islamic Money Market Fund for the fiscal year ending June 30, 2026, showing a notable increase in total income. The report, dated October 1, 2026, provides a comprehensive view of the fund's financial performance over the year.

According to the report, the fund's total income for the year reached 6.03 billion rupees, representing a very large move compared to the previous year's 5.13 billion rupees. This increase was driven by higher returns on various instruments, most notably a significant rise in income from bank balances, which amounted to 2.29 billion rupees, up from 1.76 billion rupees the previous year.

The fund's performance was bolstered by income from other avenues as well. Noteworthy contributions included the certificate of musharakah, which yielded 659.59 million rupees, up from 126.61 million rupees, and bai muajjal, which generated 1.68 billion rupees, an increase from 949.56 million rupees. However, there was a decline in income from sukuks and ijara sukuks.

Expenses for the year amounted to 320.09 million rupees, a decrease from 378.59 million rupees in 2025. The reduction in expenses was primarily due to the absence of reimbursement costs for operational, selling, and marketing expenses, which had previously been recorded.

The fund's net income before taxation reached 5.71 billion rupees, a substantial increase from the previous year's 4.75 billion rupees. The net income after taxation remained at 5.71 billion rupees, as the fund did not incur any tax liabilities.

According to information available from the Pakistan Stock Exchange (PSX), the fund's net assets grew to 58.67 billion rupees from 37.25 billion rupees, marking a very large increase. The number of units issued increased to 5.75 billion from 3.66 billion, while the net asset value per unit experienced a minor move, rising to 10.1969 rupees from 10.1720 rupees.

The fund's total assets were reported at 83.57 billion rupees, up from 45.17 billion rupees in the previous fiscal year, with bank balances and investments being the principal components. Correspondingly, total liabilities increased to 24.90 billion rupees from 7.92 billion rupees.

This report highlights the robust performance of the NBP Islamic Money Market Fund, reflecting both strategic income generation and efficient cost management, contributing to the fund's increased net asset value.