Press Release

VIS Assigns Initial Fund Stability Rating to Faysal Halal Amdani Fund-II

Karachi, August 25, 2025: VIS Credit Rating Company Limited (VIS) has assigned the initial Fund Stability Rating (FSR) of ‘AA- (f)’ (Double A Minus (f)) to Faysal Halal Amdani Fund-II (‘FHAF-II’ or ‘Fund’). The medium to long-term rating of ‘AA- (f)’ denotes high degree of stability in Net Assets Value. Risk is modest but may vary slightly from time to time because of changing economic conditions.

FHAF-II, launched in July 2025, is at an early stage of operations. Given the limited track record, the assigned rating primarily incorporates the operational strategy shared by management, which emphasizes high liquidity, short duration, and strong credit quality. The Fund intends to anchor its portfolio in government securities and well-rated instruments, balancing return generation with capital preservation.

Credit risk is expected to remain contained as management plans to maintain exposures with strong counterparties, despite broader investment thresholds available in the offering document. Market risk is mitigated through the short duration strategy, which reduces sensitivity to rate movements, while liquidity is supported by a large planned allocation to near-cash, Shariah-compliant assets.

The investor base is currently concentrated, a common feature for newly launched funds, but diversification is expected as AUMs expand. Sustaining a liquid and high-quality asset mix, in line with the stated strategy, will be critical for maintaining the rating.


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
FSR-Methodology-Jan-2025.pdf

VIS Issue/Issuer Rating Scale
https://docs.vis.com.pk/docs/VISRatingScales.pdf

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 August 25, 2025 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.