Karachi: Al Ameen Islamic Money Market Fund has been assigned an initial stability rating, marking a significant step for the newly established fund. The Fund aims to offer high liquidity and competitive, riba-free returns while preserving capital. It is categorized under low-risk due to its investment in Shariah-compliant, low-risk, and liquid instruments.

According to The Pakistan Credit Rating Agency Limited, the Fund, launched on November 6, 2026, was approved by the Securities and Exchange Commission of Pakistan on October 8, 2026. It is expected to build an asset base exceeding PKR 500 million within the initial months. The Fund's asset allocation is predominantly in Islamic placements and bank deposits, with a focus on Shariah-compliant avenues. Management has committed to maintaining at least 50% of the Fund's assets in AAA-rated avenues and a maximum of 25% in AA-rated avenues.

The Fund's weighted average maturity is expected to remain within 60 days, limiting sensitivity to interest rate changes and supporting liquidity. Targeting retail investors, corporates, and pension funds, the Fund aims to develop a diverse investor base. Its performance will be monitored and reported in future reviews following its launch, with potential changes in investment policy potentially impacting the ratings.