Press Release
VIS Assigns Initial Fund Stability Rating to Faysal Islamic Mehdood Muddat Plan-X
Karachi, September 30, 2025: VIS Credit Rating Company Limited (VIS) has assigned the initial Fund Stability Rating (FSR) of ‘AA (f)’ (Double A (f)) to Faysal Islamic Mehdood Muddat Plan-X (‘FIMMP-X’ or ‘the Plan’). 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.
FIMMP-X, under the umbrella of Faysal Islamic Mustakil Munafa Fund, was Launched on August 27, 2025, with a tenor of 3 months, the Plan marked a notable start with Rs. 30 billion in AUM. Backed by its mandate to invest in Shariah-compliant government securities, cash, and Islamic bank deposits, the Plan reflects strong credit quality with exposures restricted to AA and above. Market risk remains low due to its short duration and liquid investment profile, while diversification of the investor base will be key as the Plan grows.
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