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Press Release
Date: 10-Aug-23 PACRA Withdraws Rankings of NBP Islamic Active Allocation Equity Fund
1-Year |
| Rating Details | Rating Type | Star Ranking | |
| Fund Category | Islamic Equity Fund | ||
| Total Fund In Category | 21 | ||
| Performance Period | 1-Year | ||
| Dissemination Date | Current (10-Aug-23) | Previous (10-Feb-23) | |
| Ranking | - | 3-Star | |
| Rating Rationale |
NBP Islamic Active Allocation Equity Fund was an open ended shariah compliant equity Fund. The Fund was launched on Jan-16. The aim of the Fund was to provide growth to the investment of unit holders over the long-term in approved Shariah Compliant equities. NBP Islamic Active Allocation Equity Plan is closed now due its maturity. Consequently, The Pakistan Credit Rating Agency Limited withdraws the performance ranking of the Fund. 
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| Regulatory Disclosures | Analyst | Applicable Criteria | Related Research |
| Wajeeha Asghar wajeeha.asghar@pacra.com +92-42-35869504 www.pacra.com |
Assessment Framework | Performance Ranking | Jun-22 |
Sector Study | Mutual Funds | Feb-23 |
| Disclaimer | This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA. The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. Our ratings reflect an independent, professional and impartial assessment of the risks associated with a particular instrument or an entity. PACRA opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the security's market price or suitability for a particular investor. |
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|
Press Release
Date: 10-Aug-23 PACRA Withdraws Rankings of NBP Islamic Active Allocation Equity Fund
3-Year |
| Rating Details | Rating Type | Star Ranking | |
| Fund Category | Islamic Equity Fund | ||
| Total Fund In Category | 21 | ||
| Performance Period | 3-Year | ||
| Dissemination Date | Current (10-Aug-23) | Previous (10-Feb-23) | |
| Ranking | - | 5-Star | |
| Rating Rationale |
NBP Islamic Active Allocation Equity Fund was an open ended shariah compliant equity Fund. The Fund was launched on Jan-16. The aim of the Fund was to provide growth to the investment of unit holders over the long-term in approved Shariah Compliant equities. NBP Islamic Active Allocation Equity Plan is closed now due the plans under this Fund were matured. Consequently, Pakistan Credit Rating Agency Limited withdraws the performance ranking of the Fund. 
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|
| Regulatory Disclosures | Analyst | Applicable Criteria | Related Research |
| Wajeeha Asghar wajeeha.asghar@pacra.com +92-42-35869504 www.pacra.com |
Assessment Framework | Performance Ranking | Jun-22 |
Sector Study | Mutual Funds | Feb-23 |
| Disclaimer | This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA. The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. Our ratings reflect an independent, professional and impartial assessment of the risks associated with a particular instrument or an entity. PACRA opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the security's market price or suitability for a particular investor. |
|
|
Press Release
Date: 10-Aug-23 PACRA Withdraws Rankings of NBP Islamic Active Allocation Equity Fund
5-Year |
| Rating Details | Rating Type | Star Ranking | |
| Fund Category | Islamic Equity Fund | ||
| Total Fund In Category | 21 | ||
| Performance Period | 5-Year | ||
| Dissemination Date | Current (10-Aug-23) | Previous (10-Feb-23) | |
| Ranking | - | 5-Star | |
| Rating Rationale |
NBP Islamic Active Allocation Equity Fund was an open ended shariah compliant equity Fund. The Fund was launched on Jan-16. The aim of the Fund was to provide growth to the investment of unit holders over the long-term in approved Shariah Compliant equities. NBP Islamic Active Allocation Equity Plan is closed now due the plans under this Fund were matured. Consequently, Pakistan Credit Rating Agency Limited withdraws the performance ranking of the Fund.
|
|
| Regulatory Disclosures | Analyst | Applicable Criteria | Related Research |
| Wajeeha Asghar wajeeha.asghar@pacra.com +92-42-35869504 www.pacra.com |
Assessment Framework | Performance Ranking | Jun-22 |
Sector Study | Mutual Funds | Feb-23 |
| Disclaimer | This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA. The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. Our ratings reflect an independent, professional and impartial assessment of the risks associated with a particular instrument or an entity. PACRA opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the security's market price or suitability for a particular investor. |