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NIT Islamic Income Fund (NIT-IIF) is an open-end Islamic Income Fund which invests in Shariah Compliant instruments. Ideally to cater the requirement of those investors, who wish to earn Riba free Halal returns.The objective of the Fund is to generate a stable Shariah compliant income stream, while seeking maximum possible preservation of capital, over the medium to long-term period, by investing in a diversified portfolio of Shariah Compliant fixed income and money market instruments.

Consolidated Offering Document NIT-IIF

Offering Documnet
1st Supplemental Offering Document

Trust Deed

Fund Manager Report


Price / NAV History

Offering Starts from July 04, 2016

Shariah Advisor

Mufti Zeeshan Abdul Aziz isthe Shariah Advisor for NIT IIF. He is a well recognized Shariah Scholar of industry and researcher having strong comprehension of all aspects of Islamic Law and Shariah. He has specialized in Islamic Jurisprudence majoring in Islamic Banking & Finance and is associated with several Islamic Financial Institutions as their Shariah Advisor, as on December 31st, 2019 NIT-IIF had fund under management of around Rs. 728 Million.


Fund Type Open-End
Shariah Compliant (Islamic) Income
Risk Profile
Minimum Investment
Initial Amount PKR 1,000/-
Subsequent Amount PKR 500/-
Par Value
PKR : 10/-
Transaction Charges
Front End Load: NIL
Back End Load: NIL
Wakalah Fee (Management Fee)
7.5% of Gross Earings of the fund , subject to a minimum fee of 0.25% p.a. and maximum fee of 1%  p.a. of Average Annual Net Assets.
Six (6) months average deposit rates of three (3) A rated scheduled Islamic Banks or Islamic windows of Conventional Banks as selected by MUFAP
Shariah compliant returns
Low Wakalah Fee (Management Fee)
Professional fund management expertise
Risk diversification
No minimum holding period
Ease of redemption
No penalty on withdrawal
Tax Credit is available to all participants on ivestments during the year subject to the limits prescribed under the Income Tax Ordinance, 2001 (XLIX of 2001)
Central Depository Company of Pakistan Ltd.

Risk Disclaimer: All investments in mutual fund are subject to market risks. Investors are advised in their own interest to carefully read the contents of the Offering Document, in particular the Investment Policies mentioned in Clause 2.1.1, Risk factor in Clause 2.4 and Warnings in clause 9.1 before making any investment decision.