International Investment
Unlock global opportunities and grow your wealth with Shariah-compliant investments tailored for overseas Pakistanis.
Investment Process for Non-Resident Pakistanis and International Investors
Al-Ameen Funds provides overseas investors the opportunity to directly invest in Shariah Compliant Mutual Funds, Administrative Investment Plans & Voluntary Pension Schemes (only for Pakistani nationals). Investments can be made in the major global currencies (USD, EUR, GBP, AED & SAR) and the units of the Fund(s)/Plan(s) will be issued against Pak Rupee (PKR) of equivalent amount after applying prevalent exchange rate by the designated Authorized Dealer Bank in Pakistan (to be called “Bank”). Upon redemption, the amount will be repatriated in same currency in which the investment was made. The net redemption amount will be converted back from PKR to same currency by the Bank, and wired back to the investor’s bank account. There is no limit on investment amount and the entire amount is subject to full repatriation as per State Bank of Pakistan’s (SBP) foreign exchange regulations (SBP F.E. Manual Eighth edition 2002).
All qualified investors including Non-Resident Pakistanis, Foreign Nationals and Companies incorporated outside Pakistan can make applications for issuance of Units of Mutual Funds/Investment Plans. Meanwhile only Pakistani nationals are eligible to subscribe to Voluntary Pension Schemes (Al-Ameen Islamic Retirement Savings Fund).
Process for Mutual Funds/Plans investors’ investing with Al-Ameen Funds for the first time:
- Fill the “Account Opening Form” for Mutual Funds Link: (Conventional | Islamic)
- Fill the “Account Opening Form” for Administrative Investment Plans Link: (Conventional | Islamic)
- Transfer the investment amount in favor of “ CDC Trustee Al-Ameen Funds” (for Islamic Funds/Plans).
- The list of collection accounts and routing details for different currencies can be found in Annexure ‘A’ of this document.
- Email scanned copies of the application package to customercare@alameenfunds.com
- Please send the (physical) application package with the following items to the address provided below:
Application Package items:
- Filled and Signed “Account Opening Form”
- W8/ W9 if applicable as per FATCA SOP guidelines
- Filled and Signed “Account Opening Form” or “Additional Investment Form”
- Wire transfer slip/ SWIFT/ proof of funds transfer
- For Individual Investors:
- A copy of Passport or NICOP
- Proof of employment and source of funds (e.g. Iqama / Work Permit/employment certificate/salary slip/salary certificate etc.)
- Copies of CNIC or Passport or NICOP in case of nominee(s) or joint applicant(s) (if any)
- CRS-1 Form (for Individuals) Form of applicant as well as joint applicant(s) (if any)
- FATCA (W9/W8) of applicant as well as joint applicant(s) (if any)
- Zakat affidavit (CZ-50) optional
- For Corporate Investors (Attested copies of):
- Certified copy of Memorandum & Article of Association/Company Incorporation Documents (as Applicable)
- Certified Copy of Trust Deed/ Rules & Regulations (as applicable)
- Certified Copy of Partnership Deed (as Applicable)
- Copy of Board Resolution authorizing investment in the scheme/ Fund
- Certified List of authorized signatories along with specimen signatures
- Copies of CNIC / NICOP / Passport(s) of all directors and authorized signatories
- Power of Attorney (If Applicable)
- CRS (for entity) Form and CRS Form (for controlling persons)
- FATCA W-8BENE form of corporate entities (mandatory)
- FACTA forms (W8/W9) of all directors & authorized signatories (as applicable) as per FATCA SOP
- Information regarding Ultimate Beneficial Owner of the company along with identity documents
Process for Additional investments in Mutual Funds/Plans
Process for investors’ investing with Al-Ameen Funds in Voluntary Pension Schemes for the first time (Note: Only Pakistani nationals are eligible):
Process for existing investors making additional investments in Al-Ameen Funds' Voluntary Pension Scheme:
Units’ allotment and issuance process at Al-Ameen Funds
Process for Redemption (Partial or Full) from Mutual Funds & Administrative Investment Plans:
Annexure ‘A’
The payments will be made in favor of following collection accounts as applicable:
| Account Title | SWIFT Code | Account Number | Bank |
|---|---|---|---|
| CDC Trustee UBL Funds (for Conventional Funds/Plans) | UNILPKKAXXX | 0525-0030011-1 | UNITED BANK LIMITED |
| CDC Trustee Al-Ameen Funds (for Shariah Complaint Funds/Plans) | UNILPKKAXXX | 0891-213765424 | UNITED BANK LIMITED (AL-AMEEN) |
| CDC Trustee UBL Retirement Saving Fund – URSF (For Conventional Plans) | UNILPKKAXXX | 0525-213659796 | UNITED BANK LIMITED |
| CDC Trustee Al-Ameen Islamic Retirement Saving Fund – AIRSF (For Shariah Complaint Plans) | UNILPKKAXXX | 0525-213662303 | UNITED BANK LIMITED |
ROUTING INSTRUCTIONS:
Following are routing details for different Foreign Currencies for remittance:
| Currency Symbols | Foreign Currency | Correspondent Bank | Nostro Accounts Details | SWIFT Code |
|---|---|---|---|---|
| USD | US Dollar | DEUTSCHE BANK TRUST COMPANY AMERICAS | 4009133 | BKTRUS33 |
| EUR | Euro | DEUTSCHE BANK AG | 50070010 / 95615800000 | DEUTDEFF |
| GBP | Great Britain Pounds | JPMORGAN CHASE BANK, N.A. | 41398946 | CHASGB2L |
| AED | United Arab Emirates Dirham | UNITED BANK LTD. | 116-0005-9 | UNILAEAD |
| SAR | Saudi Riyal | RIYAD BANK | 9250309609940 | RIBLSARI |
Contact Us
If you have any further queries regarding filing the application package feel free to contact our customer care department at below number:
International Dialers: +92-21-38892219
Or email us customercare@alameenfunds.com
Disclaimer
All investments in Mutual Funds are subject to market risk, applicable laws, rules & regulations, price risk, credit risk, exchange risk, credit default risk, events risk and interest rate risks. The returns/profits and principal may go up or down. Past performance is not necessarily indicative of future results. Please read the Offering document of relevant Fund/Plan to understand the investment policies and the risks involved.
