Al-Ameen Islamic Retirement Savings Fund

Al-Ameen Islamic Retirement Savings Fund allows you to enjoy financial independent and care free life even after you stop working.

Al-Ameen Islamic Retirement Savings Fund

Why invest in AL-Ameen Islamic Retirement Savings Fund?

  • Flexible allocation schemes to match your needs

  • Avail attractive Tax benefits

  • Avail Free Takaful Coverage

  • Start investing with Rs. 500

Al-Ameen Islamic Retirement Savings Fund is a Shariah-compliant customized pension plan designed to offer you with an easy and affordable means of growing your savings so you can achieve a financially independent and rewarding life after retirement. It is important to continually build your savings so you can be financially secure as you grow older.

Al-Ameen Islamic Retirement Savings Fund (AIRSF) is ideal for investors who:

  • Want to save towards your retirement in Shariah Compliant mode with as low as Rs. 500/- initial and subsequent contributions only.
  • Want to invest a lump sum amount or invest periodically.
  • Want to invest in different asset classes in order to have diversified portfolio.
  • Want to avail a tax credit on their investment.
  • Want to transfer balance from recognized Provident /Gratuity/Superannuation Funds.

 

Note: Any early withdrawal OR in excess of 50% withdrawal at OR after retirement will attract Withholding tax as per Income Tax Ordinance, 2001 (U/s 23A of Part 1 of The Second Schedule). Income from Income Payment Plans is also subject to income tax in the hands of Participant as per Income Tax Ordinance, 2001 w.e.f 1st July, 2022 as the exemption has been withdrawn through The Finance Act, 2022.

Net Asset Value

Offer Price107.4865
Selling Price 106.2855
As on: 02-Dec-2022

Al-Ameen Islamic Retirement Savings Fund

Need more information about the fund? Here’s what you need to know.

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Fund Information
Rs.500Minimum investment
Rs.500Minimum subsequent investment
Investment charges 3% of Net Asset Value
Management fee (annual) Up to 1.5% of Net Asset Value
Fund ratingN/A
Risk & Reward Potential

Medium

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    Disclaimer: All investments in Pension Funds are subject to market risks. The value of such investments may depreciate as well as appreciate subject to market fluctuations and risks inherent in all such investments. Investors should read the Offering Document carefully to understand the investment policies, risks and tax implications and should consult their legal, financial, or tax advisor before making any investment decisions. Withdrawals from the Pension Fund before the retirement age are subject to tax under the provisions of the Income Tax Ordinance, 2001. UBL Funds may share commission out of management fee earned to the sales teams of the Company or its distributor(s) earned on his/her/their own investment(s).

    Fund Documents

    Download the latest fund related document for UBL Special Savings Plan-I

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