Pak-Qatar Asset Management Company Limited (PQAMC), a leading Islamic asset management firm in Pakistan, has declared a monthly dividend for its Pak-Qatar Monthly Income Plan (PQMIP). This plan falls under PQAMC’s Shariah-Compliant Income Fund and is recognized for its high returns in its category.
The announced dividend stands at PKR 1.7635 per unit, as per information available on the PQAMC website. PQAMC holds an AM2 rating with a ‘Stable Outlook’ from PACRA, an internationally acclaimed rating agency. The PQMIP plan itself is rated A+ with a ‘Stable Outlook’ by PACRA.
Mr. Farhan Shaukat, the Chief Executive Officer of Pak-Qatar Asset Management Company Limited, has approved the distribution of dividends for March 2024. He emphasized that the dividend entitlement will be allocated to unit-holders listed in the register as of March 28, 2024.
Pak-Qatar Group aims to contribute significantly to Pakistan’s economy through strategic investments and the development of innovative, Halal financial services for sustainable growth. Stakeholders can assess the performance of the Pak-Qatar Monthly Income Plan on the Mutual Funds Association of Pakistan (MUFAP) website, the industry’s trade body.
