PACRA Maintains Stability Rating of Pak Qatar Daily Dividend Plan under Pak Qatar Islamic Cash Fund

Pak Qatar Daily Dividend Plan (the "Plan"), operating under Pak Qatar Islamic Cash Fund, is a low-risk Shariah-compliant investment solution designed to provide investors with daily income distribution while preserving capital through high-quality Islamic money market instruments. The Plan's ultra-conservative duration profile and strict adherence to Islamic principles make it particularly suitable for investors seeking Shariah-compliant liquidity with regular cash flows. As of March 2025, the Plan reported Assets Under Management (AUM) of PKR 1.74 billion, reflecting its established position in Pakistan's Islamic liquidity market. In terms of asset class, 42% of net assets were allocated to bank deposits, 27% in Development Finance Institutions (DFIs), 17% in Government Sukuks, and 11% in Corporate Sukuks, demonstrating a balanced approach to Islamic liquidity management. The Plan maintains a disciplined credit quality, with 53% of assets allocated to AAA rated instruments and 36% to AA+ rated avenues, representing a high-quality, investment-grade Plan that aligns with its low-risk mandate. With both duration and Weighted Average Maturity (WAM) at just 39 days as of March 2025, ensuring minimal sensitivity to interest rate fluctuations.
Going forward, any material changes in the investment policy or the devised rating criteria for the assigned rating would have an impact on the ratings.

About the Entity
Pak Qatar Asset Management Limited, established in 2021, is licensed by the SECP to carry out asset management and investment advisory business. The major shareholder of the Company is the holding company Pak Qatar Investment (PVT) Ltd which holds 52% of stake and remaining shareholder include FWU AG (20%), and Pak Qatar Family Takaful (5%). However, two board directors Mr. Owais Ansari and Mr. Kamran Saleem also hold 14% and 7%. The Company's board is composed of five members, with representation of two members from Pak Qatar Investment Limited, one representative of Pak Qatar Family Takaful Limited, one representative of FWU AG and one independent director. The CEO, Mr. Farhan Shaukat, FCA, has been associated with the group for over a decade heading Treasury function of the group. The AUMs of the Company stood at PKR 60.4bln at the end of Mar'25.