Press Release

VIS Assigns Initial Fund Stability Rating to Faysal Islamic Mehdood Muddat Plan-IX

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-IX (‘FIMMP-IX’ 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.

The Plan was launched in July 2025 under the umbrella of Faysal Islamic Mustakil Munafa Fund. Being at a nascent stage, the Plan has established a reasonable presence with Assets Under Management (AUMs) of Rs. 11,706 million as of August 31, 2025.

In line with the parameters laid out in its Offering Document, FIMMP-IX follows a conservative and well-defined investment strategy. The plan restricts investments to instruments rated AA and above, and since inception, exposures have been concentrated in high-quality AA+ and AAA rated avenues. Its asset allocation remains predominantly focused on cash balances and Shariah-compliant bank placements, while also allowing room for government securities if required.

As of August 2025, the portfolio reported a weighted average maturity (WAM) of 31 days. The investor profile is mainly retail, comprising nearly 78% of the total portfolio, providing diversification and liquidity support at this early stage of the plan’s life cycle.

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

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 September 30, 2025 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.