Karachi: VIS Credit Rating Company Limited has upgraded the Management Quality Rating of Faysal Asset Management Limited to ‘AM1’, indicating excellent management practices within the asset management industry. This upgrade, set against a stable outlook, reflects the company’s enhanced governance and strategic market positioning.

According to VIS Credit Rating Company Limited, Faysal Asset Management, a subsidiary of Faysal Bank Limited, has demonstrated significant growth in its Assets Under Management (AUM), with a strategic shift towards Shariah-compliant investments. This transition has not only retained but also attracted new investors, bolstering its standing in the Islamic asset management sector. The company’s structured investment process and commitment to improving its governance framework—including enhancements to its Board structure and the establishment of a Shariah Supervisory Board—have played pivotal roles in its market success.

Additionally, Faysal Asset Management’s retail penetration, which surpasses that of its peers, continues to enhance its competitive edge. The ongoing support from Faysal Bank has been instrumental in improving the asset manager’s operational efficiency and profitability. Future ratings will hinge on the successful execution of the company’s strategy to broaden its product offerings, increase investment in digital platforms, and maintain robust governance and internal controls.