Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the stability rating of Faysal Halal Amdani Fund, a Shariah-compliant money market fund, emphasizing its low-risk investment strategy. The fund, which aims to provide competitive returns while preserving capital, has seen significant growth in its assets under management, rising to PKR 53,964 million by December 2025, marking a 26.4% increase since June 2025.
According to The Pakistan Credit Rating Agency Limited, the fund's asset allocation is primarily in non-banking financial companies and development finance institutions at 56.5%, followed by bank deposits, short-term sukuks, and other instruments. The fund's credit quality shows a strong investment in government securities and AAA-rated avenues, accounting for 44.9% of its portfolio. The weighted average maturity of the fund stands at 34 days, reflecting moderate exposure to interest rate and credit risks, which are mitigated by its significant allocation to highly rated securities.
The fund's performance, with a 12-month trailing return of 9.50% as of December 2025, remains slightly below its benchmark return and peer average. Future changes in investment policy or rating criteria compliance could affect its stability rating.