@NBP FUNDS Shari'ah Approval for Islamic Mutual Funds ‘Mahara 17, 140 A. September 28,2018 iS LS age lb is to certify thatthe below mentioned Unit Trusts (Islamic Mutual Funds) managed by NBP Fund Management Limited (NBP Funds) (Formally NBP Fullerton Asset Management Limited) are based on the principle of Investment Agency contract (Wakalat-ul-lstismaar) and are designed strictly in conformity with the rules of Shari'ah and have the following features: ‘© Under the Investment agency arrangement, the unit holder is principal (Muakkil) and the Asset Management ‘Company (AMC) is the Investment Agent (Wakee! Bin Istithmaar), ‘© The mechanism and procedures of investments along with the constitutive documents of below mentioned Unit Trusts Investment have been vetted and supervised by the Shari'ah Supervisory Board, ‘+ Onthe basis of above, following unit trusts are being offered by NBP Fund Management (Formally NBP Fullerton Asset Management Limite). ited (NBP Funds) NAFA Islamic Asset Allocation Fund (NIAAF) NAA Islamic Income Fund (NUF) NAFA Riba Free Savings Fund (NRFSF) NARA Islamie Pension Fund (NIPE) NAFA Islamic Principal Protected Fund-II (NIPPE-II) NAFA Islamic Principal Preservation Fund (NIPPP) NAFA Islamic Stock Fund (NISF) NAFA Islamic Active Allocation Fund ~ I (NIAAF-1) NAFA Islamic Active Allocation Equity Fund (NIAAEF) Riba Free Savings Fund (NAARFSF) ie Energy Fund (NIEF) . ic Active Allocation Fund ~ I (NIAAF-I1) . NAFA Islamic Money Market Fund (NIMMF) |. NBP Islamic Active Alloeation Fund ~ II (NIAAF-I1D) NAKA Islamic Saving Plans (NISP) 5 NBP Aitemaad Mahana Amdani Fund (NAMAF) Resolved that the modus operandi defined for the above mentioned Unit Trusts is according to the dictates of Shari'a ertiticate is valid for a period of one year from the date ofits issuance or unless revoked in writing during this period. Recommended By: an ite Shari'ah Technical Services & Support For and on behalf of Meezan Bank Limited Approved By’ ee Mufti Ehsan Waquar Dr Imran Ashraf Usmani Shariah Advisor & Member Chairman Shariah Supervisory Board ‘Shariah Supervisory Board Shariah Supervisory Board@NBP FUNDS ITE) i hee Mise 22018 F 28 Gbe <9 1440 ¢/ 17 (Sli age HM Be MRIS OBL Beh 3) VAD MLAB Yel Aslamic Mutual Funds) £244 Bio Lede aig crete Seng Entp He Lah Lar? ad IAL te Wea LS Sh 22 SAMO FP Sa ste SUNOS EDALENA EL olin wal Lc Vb sasiing afr brasitae Lyte BL bh bor tbs A Gn IBQRD MRD SE Nee ® se(Unit trustee Ahad (alee [NAFA Islamic Asset Allocation Fund (NIAAF) INAFA Islamic Income Fund (NIIF) [NAFA Riba Free Savings Fund (NRFSF) [NAFA Islamic Pension Fund (NIPF) 'NAFA Islamic Principal Protected Funds (NIPPF-I) [NAFA Istamic Principal Preservation Fund (NIPPF) INAFA Islamic Stock Fund (NISF) [NAFA Islamic Active Allocation Fund —1 (NIAAF-) [NAFA Islamic Active Allocation Equity Fund (NIAAEF) )._NAFA Active Allocation Riba Free Savings Fund (NAARFSF) ._NAFA Islamic Energy Fund (NIEF) -NAFA Islamic Active Allocation Fund =H! (NIAAF.I) | NAFA Islamic Money Market Fund (NIMMF) | NBP Islamic Active Allocation Fund =I (NIAAF-I) 5. NAFA Islamic Saving Plans (NISP) | NBP Altemaad Mahana Amdani Fund (NAMAF) angele Luss aA PEE LUUnit Tse Aetht + ypsfbre de Le baneincsS ema ap gee Te aes Kappa sistoga reer sasitngat dred? sastngat