Press Release
VIS Reaffirms Fund Stability Rating of Al Ameen Islamic Aggressive Income Fund
Karachi, December 31, 2025: VIS Credit Ratings Company Ltd. (VIS) has reaffirmed Fund Stability Rating (FSR) at ‘A+(f)’ (Single A Plus (f)). The medium to long-term fund rating of ‘A+’ denotes moderate degree of stability in Net Asset Value. Risk factors may vary with possible changes in the economy. The previous rating action was announced on January 09 2025.
Launched in October 2007, Al Ameen Islamic Aggressive Income Fund (AIAIF) is an open-end, shariah-compliant income fund, managed by UBL Fund Managers Limited. The objective of the scheme is to invest in medium to long-term income instruments as well as short-tenor money market instruments to generate superior, long-term, risk-adjusted returns while preserving capital over the long-term.
The assigned rating incorporates growth in AUM during FY25 and adherence to the stated investment mandate. Portfolio composition remained aligned with the offering document, with increased allocation toward GoP Ijarah Sukuks and TFCs/Sukuks. Credit quality remained sound, with the majority of investments concentrated in Government and AAA-rated exposures. The rating also reflects stable liquidity and contained market risk. The investor base remained predominantly retail, with manageable concentration risk. Fund performance strengthened during FY25, with returns outperforming both the benchmark and peer funds.
For further information on this ratings announcement, please contact at 021-35311861-64 or email at info@vis.com.pk.
Applicable Rating Criteria: Fund Stability Ratings
https://docs.vis.com.pk/Methodologies-2025/FSR-Methodology-Jan-2025.pdf
VIS Issue/Issuer Rating Scale
https://docs.vis.com.pk/docs/VISRatingScales.pdf