Karachi: Pak-Qatar Asset Management Company Limited (PQAMC), a prominent Islamic asset management firm in Pakistan, declared a monthly dividend of PKR 1.7952 per unit for its Pak-Qatar Monthly Income Plan (PQMIP) as of July 2024, reflecting a robust annualized return of 22.32%.

According to Pak-Qatar Family Takaful, the dividend approved by Mr. Farhan Shaukat, CEO of PQAMC, under the authority from the board, aligns with the company’s strategy to deliver consistent and strong performance to its participants. This distribution is earmarked for shareholders registered as of the close of business on July 30, 2024. PQMIP, recognized for its high returns within its category, is rated ‘A+ Stable’ by PACRA, while PQAMC holds an ‘AM2 Stable’ rating. The company’s commitment extends to contributing to Pakistan’s economic growth through innovative and Shariah-compliant financial solutions.