Press Release

Fund Stability Rating of ABL Islamic Income Fund

Karachi, January 10, 2012: JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has revised the Fund Stability Rating of ABL Islamic Income Fund (formerly ABL Islamic Cash Fund) from ‘AA(f)’ (Double A (f)) to ‘A+(f)’ (Single A Plus(f)). The ‘Rating Watch - Developing’ status has been removed on finalization of investment policy.

In line with the change in the fund’s categorization, the investment policy has been revised with the minimum rating threshold for counterparty exposures now being ‘A+’ (Single A Plus). A minimum of 25% of net assets are to be invested in Shari’ah compliant government securities. Furthermore, the fund may also assume exposure in spread transactions to the extent of 20% of net assets. Other approved investment avenues include Sukuks and placements/bank deposits. Targeted duration of the fund is 6 months.

For further information on this rating announcement, please contact Mr. Javed Callea (Ext: 510) or Ms. Sobia Maqbool, CFA (Ext: 506) at 021-35311861-70 or fax to 021-35311873.



Jamal Abbas Zaidi
Deputy CEO

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