⚡ Flash Summary

NBP Islamic Mahana Amdani Fund (NIMAF) reported its financial results for the quarter ended September 30, 2025. The fund size increased by 18% to Rs. 12,681 million. The unit price rose to Rs. 10.3521, resulting in a 9.1% annualized return, slightly below the benchmark of 9.5%. The fund generated a total income of Rs. 328.16 million and a net income of Rs. 283.32 million after expenses.

📌 Key Takeaways

• 📈 Fund size increased by 18% from Rs. 10,711 million to Rs. 12,681 million.
• 💰 Unit price increased from Rs. 10.1208 to Rs. 10.3521.
• 📊 Annualized return of 9.1%, compared to a benchmark return of 9.5%.
• 💸 Total income for the quarter was Rs. 328.16 million.
• расходы составили Rs. 44.84 million.
• ✅ Net income after expenses was Rs. 283.32 million.
• 📜 The fund is categorized as a Shariah Compliant Income Fund with a stability rating of ‘A+(f)’ by PACRA.
• 🏛️ The fund invests in Shariah Compliant money market and debt avenues.
• 🚫 The fund is not authorized to invest in equities.
• ⚖️ Asset allocation includes GOP Ijara Sukuks (31.74%), Bai-Moajal (29.62%), Cash Equivalents & Other Net Assets (28.57%), and Corporate Sukuks Certificates (10.07%).
• ✔️ Fund maintains strong capacity to maintain relative stability in returns with very low exposure to risks.
• 🏦 Investments in savings accounts carry profit at rates ranging from 0.10% to 10.80% per annum.
• 🏢 Management fee for an Income Scheme shall not exceed 1.5% per annum of the average daily net assets.

🎯 Investment Thesis

HOLD. NIMAF is a well-managed Shariah-compliant income fund that offers a stable return. While the return was slightly below the benchmark, the fund’s growth and stability make it a reasonable HOLD for investors seeking consistent income. Price target will depend on the peer comparison and macro-economic changes.