JS Islamic Pension Savings Fund

JS Islamic Pension Savings Fund (JS IPSF) is a sharia compliant way to save for your retirement needs. The Shariah Compliance criterion is set and regularly monitored by a Shariah Advisory Council headed by Justice (R) Muhammad Taqi Usmani.

Product Summary
Fund Name	JS Islamic Pension Savings Fund (JS IPSF)
Shariah Advisor	Justice (R) Muhammad Taqi Usmani Dr. Aijaz Samdani Moulana Hassan Ashraf Usmani
Eligibility	Any individual with a valid CNIC or NTN
Minimum Contribution	PKR 12,000/- per annum
Contribution Frequency	Monthly, Quarterly, Semi Annual or Annual
Payment Mechanism	Cheque, Bank Draft, Pay Order (crossed A/C payee only) or Auto-Debit
Allocation Scheme	Aggressive, Balanced, Conservative or Very Conservative
Retirement Age	Any age, between 60 to 70 years, of your choice
Early Retirement	Upon permissible disability, same benefits as per normal retirement
Front end Load	3% on all contributions
Management Fee	1.5% on average net assets
Pricing	Daily (Published in newspaper or available on website)
Trustee	Central Depository Company of Pakistan
Auditors	Ernst and Young Ford Rhodes Sidat Hyder & Co
Risk Profile	Varies for every individual as per the selected "Allocation Scheme"
Regulator	Securities and Exchange Commission of Pakistan