Karachi: NBP Fund Management Limited has released the annual report for its NBP Islamic Savings Fund, detailing financial activities up to June 30, 2026. The report, dated October 1, 2026, reveals a notable downturn in net income over the past year.

The fund's total assets as of June 30 stood at 10.87 billion rupees, down from 11.42 billion rupees in 2025. Liabilities decreased to 3.01 billion rupees from 3.51 billion rupees. Consequently, net assets slightly dipped to 7.85 billion rupees from 7.91 billion rupees the previous year. The net asset value per unit increased marginally to 9.6202 rupees from 9.5995 rupees.

According to information available from the Pakistan Stock Exchange (PSX), the fund's total income for the fiscal year was 1.16 billion rupees, a significant decrease from the 1.77 billion rupees registered in 2025. The most marked decline was observed in profit on bank balances, which fell to 550.42 million rupees from 835.60 million rupees. Similarly, income from Sukuks and Certificates of Musharka saw reductions, contributing to the overall income decrease.

Expenses for the year totaled 168.02 million rupees, up from 152.21 million rupees in the previous year. The increase in expenses is largely attributed to higher remuneration paid to NBP Fund Management Limited, which rose to 127.39 million rupees from 109.14 million rupees, and associated Sindh Sales Tax on remuneration.

The net income for the year, before taxation, dropped to 990.02 million rupees from 1.62 billion rupees, classifying as a very large or significant move. After accounting for income already paid on units redeemed, the fund's accounting income available for distribution was 193.63 million rupees, down from 298.29 million rupees the previous year.

NBP Fund Management Limited continues to navigate financial challenges, as indicated by the latest figures. The report offers insights into the shifting dynamics of the fund's asset management strategies and market positioning.