Press Release

JCR-VIS reaffirms Fund Stability Rating of ABL Islamic Income Fund

Karachi, January 17, 2013: JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has reaffirmed the Fund Stability Rating of ABL Islamic Income Fund at ‘A+(f)’ (Single A Plus(f)).

The fund is permitted to invest up to 75% of net assets in Shari’ah compliant government securities while cash with licensed Islamic banks (rated A and above) and licensed Islamic banking windows of conventional banks (AA and above) has been capped at 25% and 75% of NAV, respectively. For Islamic investment instruments with less than 6 months of maturity, issuer criterion has been specified as ‘A+’ while for those instruments with greater than 6 months maturity, ‘AA-’ has been set as the minimum entity rating. Targeted duration of the fund is 6 months. Actual risk profile of the fund has been maintained in line with the operational investment policy.

For further information on this rating announcement, please contact Mr. Javed Callea (Ext: 510) or Ms. Sobia Maqbool, CFA (Ext: 604) at 021-35311861-70 or fax to 021-35311873.



Jamal Abbas Zaidi
Deputy CEO

Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited (VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. VIS, the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report. VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright January 17, 2013 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.