Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has affirmed the stability rating of the Alhamra Daily Dividend Fund, a Shariah-compliant investment solution designed to offer low-risk, short-term liquidity options with daily income distribution. The fund boasts a capital preservation strategy, focusing on high-quality Islamic instruments, making it an attractive liquidity management tool for Islamic investors.

As of December 2024, the fund reported Assets Under Management totaling PKR 2.2 billion, underscoring its significant role in Pakistan's Islamic money market. The fund's asset allocation includes 82% in bank placements, 15% in Term Finance Certificates/Sukuks, and 3% in other Shariah-compliant instruments.

The fund maintains a high credit quality, with 81% of its assets in AA-rated instruments and 15% in A1-rated avenues, ensuring adherence to Shariah investment principles. The combination of high-grade allocation and an ultra-short maturity profile offers strong protection against credit and market risks.

With a Weighted Average Maturity of 18 days as of December 2024, the fund shows minimal sensitivity to credit risk movements and market volatility. PACRA noted that any significant changes in investment policy or compliance with rating criteria could impact the fund's ratings going forward.