Lahore Stock Exchange has approved the application for formal listing and quotation of the Units of MCB Islamic Income Fund, an Open-end Fund managed by MCB Asset Management Company Limited.
The Fund will be quoted under “Open-end Fund” sector of the Ready Board Quotation of the Exchange. The investment objective of the MCB-Islamic Income Fund is to generate superior risk adjusted returns by investing in short, medium and long-term Shariah Compliant Fixed income instruments.
The performance benchmark for the Fund is an average of the most recently published three month profit rates of three Islamic Banks rated A and above.
