Pak-Qatar Asset Management Co., announces a dividend of PKR 1.7635 per unit for its Pak-Qatar Monthly Income Plan

Pak-Qatar Asset Management Company Limited (PQAMC) is a leading pure Islamic asset management company in Pakistan and part of Pak-Qatar Group, Pakistan’s pioneer and premier Islamic financial services group. PQAMC has recently announced the monthly dividend of the Pak-Qatar Monthly Income Plan (PQMIP), which is one of the plans under PQAMC’s ‘Shariah-Compliant Income Fund’. The plan is also amongst the highest return-paying plans in the category.

As per the PQAMC Website, the announced dividend is PKR 1.7635 per unit. PQAMC is rated AM2 with ‘Stable Outlook’ by PACRA – the internationally acclaimed rating agency. The PQMIP plan is also rated A+ with a ‘Stable Outlook’ by PACRA.

The Chief Executive Officer of Pak-Qatar Asset Management Company Limited, Mr Farhan Shaukat, has approved the dividend distributions for March 2024 under the authority delegated to him by the Board of Directors.

Mr. Farhan stated, “The above entitlement will be distributed to the unit-holders, whose names appear in the register of unit-holders at the close of business on March 28, 2024.”

Pak-Qatar Group’s vision is to add value to Pakistan’s economy by making valuable investments and creating innovative, Halal financial ventures and services for sustainable growth.

The stakeholders can also review the performance of the Pak-Qatar Monthly Income Plan on the website of the Mutual Funds Association of Pakistan (MUFAP), the trade body for Pakistan’s multi-billion rupee asset management industry.

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