Lahore, The Pakistan Credit Rating Agency Limited (PACRA) has held onto the rating for the Faysal Halal Amdani Fund ("FHAF" or the "Fund"), underlining the Fund's inherent low-risk approach. Geared towards securing competitive returns while prioritizing capital preservation, the Fund's investments are directed into liquid, low-risk, Shariah-compliant bank deposits, money market, and debt securities. As of June 2023, the Fund's allocations encompassed ~88.68% in bank deposits and placements, chiefly within AA ratings and above, and about ~9.75% in short-term Corporate sukuks, majorly within the AA bracket.

With a duration of merely 11 days and a WAM of 15 days, the Fund ensures minimized exposure to both interest rate and credit risks respectively. For the FY23, FHAF reported an impressive annualized return of 17%, substantially outpacing its benchmark return of 6.23%. Additionally, the unit holding pattern reveals a ~25.7% concentration among the top ten investors, suggesting a restrained redemption pressure scenario. Notably, any consequential shifts in the Fund's asset allocation strategy affecting its credit status or its interest rate risk exposure could recalibrate its rating. This information was sourced from the Pakistan Credit Rating Agency Limited.