Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has affirmed the stability rating of the Alhamra Daily Dividend Fund, underscoring its medium risk profile. The fund, designed to meet short to medium-term investment needs of investors, aims to provide daily dividends through investments strictly adhering to Shariah-compliant instruments.

The fund has reported assets under management of PKR 3.337 billion as of June 2025, marking its significant presence within Pakistan's Shariah-compliant income segment. Asset allocation reveals a diversified strategy, with 60.9% in cash placements, 35% in term finance certificates and Sukuks, and the remaining 4.1% in receivables and other instruments.

Regarding credit quality, the fund maintains a prudent approach, with 60.5% of its assets in AA-rated instruments and 35% in A1-rated avenues. The remaining 4.1% is invested in other Shariah-compliant instruments.

The fund exhibits a weighted average maturity of 32 days, indicating limited exposure to credit risk and market volatility. Any potential changes in investment policy or compliance could influence the current rating, PACRA noted.