Faysal Asset Management Limited achieves ‘AM1’ rating

KARACHI: Faysal Asset Management Limited (FAML), a subsidiary of Faysal Bank Limited, has attained a management quality rating (MQR) of ‘AM1’ by VIS Credit Rating Company Limited, a statement said on Monday.

This prestigious rating reflects Faysal Funds’ exemplary management capabilities and its substantial contributions to the asset management industry. The outlook on the assigned rating is ‘Stable’, reinforcing the firm’s solid market position.

Since its inception in 2003, FAML has emerged as a key player in the asset management landscape marked by significant growth in assets under management (AUM). The company has recently transitioned a significant portion of these AUMs into Shariah-compliant investments since becoming Pakistan’s first certified Shariah Compliant Asset Management Company in March 2024, attracting a diverse investor base and solidifying its reputation in the Islamic asset management sector.

Faysal Funds’ robust and structured investment process exemplifies its strategic approach to portfolio management, which is designed to deliver optimal returns to its clients.

The ‘AM1’ rating also acknowledges the unwavering support from its parent company, Faysal Bank Limited. This partnership has not only improved FAML’s operational efficiency and profitability but has also provided critical synergies through the bank’s extensive network and expertise in Islamic banking. As FAML aims to expand its Shariah compliant product offerings and invest in digital initiatives, these collaborative efforts will be instrumental in navigating the evolving asset management landscape.

In the statement, the bank said that FAML is poised to maintain its competitive edge with a clear focus on governance and internal control frameworks. The management’s strategic plans are geared towards achieving sustained growth and delivering superior value to clients.