Karachi: Pak-Qatar Asset Management Company Limited (PQAMC) declared a monthly dividend of PKR 1.6137 per unit for its Pak-Qatar Monthly Income Plan, reflecting a strong performance with an annualized return of 21.47% year-to-date as of August 2024.

According to Pak-Qatar Family Takaful, the recent dividend announcement by PQAMC, a prominent Islamic asset management company in Pakistan, is part of its commitment to providing Shariah-compliant investment opportunities with competitive returns. The dividend distribution was approved by the company’s CEO, Mr. Farhan Shaukat, as authorized by the Board of Directors.

Mr. Shaukat confirmed that the dividends would be distributed to unit-holders listed in the register as of the close of business on August 28, 2024. He emphasized the plan’s consistent performance and the company’s dedication to its participants. The plan, which is among the highest yielding in its category, maintains an AM2 rating with a stable outlook from PACRA and an A+ rating for its financial stability.

Investors and stakeholders interested in the detailed performance of the Pak-Qatar Monthly Income Plan can access more information through the Mutual Funds Association of Pakistan’s website.