Pak-Qatar Asset Management Company Limited announces dividend of PKR 1.4074 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, which is Pakistan’s pioneer and premier Islamic financial services group. PQAMC has recently announced the monthly dividend of Pak-Qatar Monthly Income Plan (PQMIP) under PQAMC's Shariah-Compliant Income Fund. The plan is also amongst the highest return paying plan in the category.

As per the PQAMC Website, PQMIP announced dividend is PKR 1.4074 per unit for the month of April’24 taking cumulative payout to PKR16.7996 per unit with an annualized return of 22.29% YTD earned as on April 26, 2024. 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 distributions of dividends for the month of April 2024, under the authority delegated to him by the Board of Directors.

Mr. Farhan further stated that: “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 April 25, 2024. This reflects PQMIP’s strong and consistent performance and our commitment to our Participants of PQMIP”

Pak-Qatar Group has a vision to add value to the economy of Pakistan by making valuable investments and creating innovative and Halal financial ventures and services for sustainable growth.

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

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About Pak-Qatar Group:

Pak-Qatar Group stands as Pakistan's premier and pioneer Islamic financial services group, offering a comprehensive range of savings and protection solutions that adhere to the principles of Sharia’h-compliant finance. With steadfast commitment to excellence and strong emphasis on Islamic values, the group encompasses companies such as Pak-Qatar Family Takaful Limited, Pak-Qatar General Takaful Limited, Pak-Qatar Investment (Private) Limited and Pak-Qatar Asset Management Company Limited.

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