PACRA Maintains Stability Rating of AKD Islamic Cash Fund

AKD Islamic Cash Fund (Formerly: AKD Islamic Daily Dividend Fund) reflects the Fund's low risk profile. The objective of AKD Islamic Cash Fund (Formerly: AKD Islamic Daily Dividend Fund) is to provide optimum returns consistent with minimal risk from a portfolio constituted of high quality Shariah Compliant short term securities/ instruments, which will provide liquidity. As of Dec’25, the Fund’s AUM stood at ~PKR 522mln. In terms of asset allocation, the Fund maintained ~64.35% in Cash holdings, followed by ~16.40% in Short-Term Sukuk and ~5.64% in GOP Ijarah Sukuk, while the remaining ~13.61% was allocated to other instruments including receivables. The allocation reflects a highly liquid investment strategy with selective exposure to sovereign and short-term Shariah-compliant instruments to support stability and liquidity management. From a credit quality perspective, ~64% of the portfolio was invested in Government Securities, ~13% in A1+ rated avenues, and ~17% in AA/A1 rated instruments, with the remaining ~6% allocated to unrated avenues, indicating a strong credit profile with limited exposure to lower-rated instruments. As of end-Dec’25, the Fund’s WAM (Weighted Average Maturity) stood at 42 days, reflecting low duration risk and minimal sensitivity to interest rate movements. In terms of performance, the Fund reported an annualized return of 10.3% as of Dec’25, which remained above the benchmark return of 9.51% and the peer average return of 9.63%, indicating outperformance relative to comparable funds.
Going forward, any material changes in the investment policy and compliance with the rating criteria for the assigned rating would have an impact on the ratings.

About the Entity
AKD Investment Management Limited commenced its operations in September 2004. The Company is registered as an Asset Management Company under the Non-Banking Finance Companies Rules, 2003. The Company is sponsored by AKD Group Holdings (Private) Limited [Formerly: Aqeel Karim Dhedhi Securities(Private) Limited] (99.97% ownership). The Board of Directors of the Company comprises seven members, including the CEO Mr. Imran Motiwala, who has been serving as the Chief Executive Officer of AKD Investment Management Limited since 2009. The Company is currently managing eight open-end funds with assets under management of ~PKR 13,010mln at the end of Dec '25.