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Under the AIIF, MAT insurance has been defined as 'insurance of risks comprising (a) international maritime shipping, commercial aviation and freight, with such insurance to cover one or both of the following: i) the goods being transported; ii) the vehicle transporting the goods and any liability arising therefrom; and (b) goods in international transit.'
AIIF invests only in Shariah-compliant income instruments to provide regular Halal income to investors and aims to provide a superior risk-adjusted return to the investors.
About the Management Company: Askari Investment Management Limited (AIM) is the management company for AIIF. AIM is a wholly owned subsidiary of Askari Bank Limited, which has a network of 206 branches nationwide.
For Atlas Islamic Income Fund (AIIF), AA-(f) rated by PACRA, a final distribution of bonus of Rs 10 per unit (2 percent on the face value of Rs 500 per unit) was approved.
Using feedback from nurses and nursing supervisors from the previous school year, the evaluation team further adapted the AIIF to an electronically scannable format to facilitate data collection in the 2003-2004 school year.
To cater to the growing needs of the market, AAML introduced its first Islamic Equity Fund namely Atlas Islamic Stock Fund (AISF) in 2007, followed by its first Islamic fixed income fund namely Atlas Islamic Income Fund (AIIF) in 2008.
The Pakistan Credit Rating Agency (PACRA) has maintained the stability rating of Atlas Islamic Income Fund (AIIF) at 'AA- (f)' (Double A Minus -- fund rating), an open-end Shariah compliant income fund.
KARACHI, July 09, 2010 (Balochistan Times): The Board of Directors of Atlas Asset Management Limited, an Atlas Group Company, approved the final distribution of bonus for the financial year ended June 30, 2010 for its Atlas Money Market Fund (AMF), Atlas Income Fund (AIF), Atlas Islamic Income Fund (AIIF), Atlas Stock Market Fund (ASMF) and Atlas Islamic Stock Fund (AISF).
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