Karachi: Pak-Qatar Asset Management Company Limited (PQAMC), a prominent Islamic asset management firm in Pakistan, declared a monthly dividend of PKR 1.1508 per unit for its Pak-Qatar Monthly Income Plan (PQMIP), signaling robust performance and high returns in the category.

According to Pak-Qatar Asset Management Company Limited, the dividend pertains to the month of September 2024 and reflects an annualized return of 20.45% YTD, calculated as of October 07, 2024. The company, which holds an AM2 rating with a ‘Stable Outlook’ from PACRA, also reports that the PQMIP plan itself is rated A+ with a ‘Stable Outlook.’

The announcement was made by Mr. Farhan Shaukat, the CEO of PQAMC, under the authority granted by the Board of Directors. Mr. Shaukat commented on the performance, stating, “We are pleased to announce this distribution to the unit-holders of PQMIP. This reflects strong, steady performance and our commitment to delivering value and excellence to Participants of PQMIP. We thank our investors for placing their trust in us as we continue to drive success in the market.”

Pak-Qatar Group, to which PQAMC belongs, continues to aim at adding value to Pakistan’s economy through strategic investments and the development of innovative, Sharia-compliant financial ventures and services aimed at sustainable growth. Stakeholders interested in the detailed performance metrics of PQMIP can access further information on the website of the Mutual Funds Association of Pakistan (MUFAP).