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

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