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We offer a wide range of solutions to meet your needs

Standard Chartered Investment Services helps you decide where to invest your hard-earned income: a first for any bank in Pakistan. We've offered a diverse portfolio of investment options to our valued customers since 2004, helping you minimise your risk while maximising your returns.

Fixed Income Products

Fixed Income Products

Certificate of Musharika (COM)

Certificate of Musharika (COM) is a shariah compliant profit and loss sharing scheme, with an indicative rate of return with tenor up to one year.

Benefits:

  • Shariah compliant
  • Secure and Rewarding Returns
  • Low risk
  • Periodic payout option
Retail Term Finance Certificates (TFCs)

TFCs are structured to provide regular income in the form of coupons and given a credit rating before they are available for issue.

Benefits:

  • Low to Medium risk
  • Monthly / Quarterly / Semi-annual profit payments (depending on product structure)

Note: Please check with your respective RM for product availability

Ijarah Sukuks

Medium to long-term investment instruments with floating coupon payments guaranteed by Government of Pakistan.

Benefits:

  • Shariah compliant
  • Low risk
  • Semi-annual profit payments
  • Guaranteed by Government of Pakistan
  • Tradable in secondary market

Note: Please check with your respective RM for product availability

Retail Sukuks

Retail Sukuks are medium to long-term investment instruments with floating coupon payments

Benefits:

  • Shariah compliant
  • Low to Medium risk
  • Monthly / Quarterly / Semi-annual profit payments (depending on product structure)

Note: Please check with your respective RM for product availability

Treasury Bills (T-Bills):

T Bills are short term discount securities guaranteed by Government of Pakistan.

Benefits:

  • Short-term, highly liquid zero-coupon Government Debt Instruments.
  • Sold at discount to face value.
  • Tenors up to 1 Year.
  • Tradable in the secondary market
Pakistan Investment Bonds (PIBs)

PIBs are medium to long-term investment instruments with fixed/floating coupon payments guaranteed by the Government of Pakistan.

Benefits:

  • Long-term, coupon bearing instruments with semi-annual (six monthly) coupon payments.
  • Available maturities upto 10 Years.
  • Auction schedule and targets for fresh PIBs issuance announced by SBP on a quarterly basis
  • Guaranteed by Government of Pakistan
  • Tradable in secondary market
Defence Saving Certificates (DSC)

This is a ten years maturity scheme. These certificates are available in the denomination of Rs.500, Rs.1,000, Rs.5,000, Rs.10,000, Rs.50,000, Rs.100,000, Rs.500,000 and Rs.1,000,000/=

Benefits:

  • Principal Protected
  • Low risk
  • Guaranteed by Government of Pakistan
Special Savings Certificates (SSC)

This is three years maturity scheme where profit is paid on the completion of each period of six months. These certificates are available in the denomination of Rs.500, Rs.1,000, Rs.5,000, Rs.10,000, Rs.50,000, Rs.100,000, Rs.500,000 and Rs.1,000,000/=

Benefits:

  • Principal Protected
  • Low risk
  • Periodic Profit Payments
  • Guaranteed by Government of Pakistan
Premium Prize Bonds (Registered)

Premium Prize Bond (Registered) (PPB) is a savings scheme by Central Directorate of National Savings (CDNS) governed under the “Premium Prize Bonds (Registered) Rules, 2017. The investor in PPB can get a six-monthly profit on investment and is eligible for prize money in quarterly draws.

  • Available in PKR 25,000/- and PKR 40,000/- Denominations.
  • Registered in the name of investor.
  • Direct Credit of Prize Money and Profit in Investors Bank Account.
  • Unlimited Investment and Tenure.
  • WHT applicable & Exempt from Zakat.

Naya Pakistan Certificates

Naya Pakistan Certificates with more than one-year maturity are long-term, coupon bearing instruments with regular coupon payments and maturities as governed by SBP while Naya Pakistan Certificates with maturity of one year or less are short-term instruments, highly liquid and carry interest/coupon as determined by SBP.

Currency of Issue: USD, EUR, GBP and PKR or any other currency as notified by the regulator

Minimum Investment:

  • EUR 5,000 and multiples of EUR 1,000 thereon for EUR certificates.
  • GBP 5,000 and multiples of GBP 1,000 thereon for GBP certificates.
  • USD 5,000 and multiples of USD 1,000 thereon for USD certificates.
  • PKR 100,000 and multiples of PKR 10,000 thereon for PKR certificates.

Important Documents:

Tenor of Certificate
USD Denominated
PKR Denominated
EUR Denominated
GBP Denominated
3-Month 5.50% p.a. 9.50% p.a. 4.75% p.a. 5.25% p.a.
6-Month 6.00% p.a. 10.00% p.a. 5.00% p.a. 5.50% p.a.
12-Month 6.50% p.a. 10.50% p.a. 5.25% p.a. 5.75% p.a.
3-Year 6.75% p.a. 10.75% p.a. 5.50% p.a. 6.25% p.a.
5-Year 7.00% p.a. 11.00% p.a. 5.75% p.a. 6.50% p.a.
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Islamic Naya Pakistan Certificates

Islamic certificates are Shariah Compliant long-term & short-term profit bearing instruments with regular profit payments with maturities as governed by SBP.

Currency of Issue: USD, EUR, GBP and PKR or any other currency as notified by the regulator

Minimum Investment:

  • EUR 5,000 and multiples of EUR 1,000 thereon for EUR certificates.
  • GBP 5,000 and multiples of GBP 1,000 thereon for GBP certificates.
  • USD 5,000 and multiples of USD 1,000 thereon for USD certificates.
  • PKR 100,000 and multiples of PKR 10,000 thereon for PKR certificates.

Profit Sharing Ratio & Profit Weightage: Click Here

Encashment Schedule:

Important Documents:

Tenor of Certificate
USD Denominated (Expected)
PKR Denominated
(Expected)
EUR Denominated
GBP Denominated
3-Month 5.50% p.a. 9.50% p.a. 4.75% p.a. 5.25% p.a.
6-Month 6.00% p.a. 10.00% p.a. 5.00% p.a. 5.50% p.a.
12-Month 6.50% p.a. 10.50% p.a. 5.25% p.a. 5.75% p.a.
3-Year 6.75% p.a. 10.75% p.a. 5.50% p.a. 6.25% p.a.
5-Year 7.00% p.a. 11.00% p.a. 5.75% p.a. 6.50% p.a.
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Mutual Fund Products

Mutual Fund Products

Money Market Funds

A Money Market Fund is a type of Income Fund that invests in debt securities characterized by their short maturities and minimal credit risk. Money Market Funds are among the lowest volatility type of investments.

Note: Currently no funds are offered in this category.

Income Funds

Income Funds provide a competitive rate of return to its investors by investing in quality TFCs / Sukuk, Government Securities, Bank Deposits, and short and long term fixed income instruments.

Al Hamra Islamic Income Fund

It is a Shariah Compliant Income Scheme whose objective is to generate risk adjusted returns by investing in short, medium and long-term Shariah Compliant Fixed Income instruments.

Benefits

  • Shariah compliant
  • No minimum holding period
  • Easily redeemable
  • Partial or complete encashment at any time
  • Tax rebate available

Returns as per Fund Manager’s Report:

FY21 till Apr’21 FY20 FY19 FY18 FY17
6.43% 11.63% 8.24% 4.96% 6.49%
Limited Subscription Plans

Limited Subscription Plan offers potentially high returns through participation in Equity schemes and protect downside risk of capital through participation in Income/Money Market schemes. Limited Subscription Plans are of a limited time period (generally 2 years or more) and carry a back-end load on early redemption.

Note: Please check with you respective RM for product availability.

Equity Funds

An Equity Fund invests primarily in equities listed on the PSX. The Fund seeks to maximize total returns and outperform its benchmark by investing in a combination of securities offering long term capital gains and dividend yield potential.

UBL Stock Advantage Fund

UBL Stock Advantage Fund is an open-ended stock fund which aims to maximize total returns and outperform its benchmark by investing in a combination of securities offering long term capital gains and dividend yield potential.

Benefits:

  • No minimum holding period
  • Partial or complete encashment at anytime
  • Easily redeemable
  • Tax rebate available

Returns as per Fund Manager’s Report:

FY21 till Apr’21 FY20 FY19 FY18 FY17
24.26% 4.90% -16.27% -10.13% 30.15%

Al Ameen Shariah Stock Fund

It is an open-ended stock fund which aims to achieve long term capital growth by investing primarily in shariah compliant equity securities.

Benefits:

  • No minimum holding period
  • Partial or complete encashment at anytime
  • Easily redeemable
  • Tax rebate available

Returns as per Fund Manager’s Report:

FY21 till Apr’21 FY20 FY19 FY18 FY17
25.98% 10.40% -18.40% -12.40% 29.20%
Pension Funds

A Pension Fund aims to provide a secure source of savings and regular income after retirement to the participants. The participants would contribute to the fund during their working life and would typically withdraw from the fund on or after retirement.

Meezan Tahaffuz Pension Fund

Meezan Tahaffuz Pension Fund is a Voluntary Pension Scheme that allows flexibility of contributions in terms of amount and frequency to meet your post-retirement financial needs.

Benefits:

  • Shariah Compliant
  • Easily Redeemable
  • Regular income post retirement
  • Additional Tax rebate available (up to 20%)

Returns as per Fund Manager’s Report:

FY21 till Apr’21 FY20 FY19 FY18 FY17
21.71% 5.97% -23.70% -16.50% 20.40%
Asset Allocation Funds

An Asset Allocation Fund aims to earn a potentially high return through asset allocation between Equity Instruments, Fixed Income Instruments and Money Market Instruments as per Fund Manager’s discretion.

Al Ameen Islamic Asset Allocation Fund

AI-Ameen Islamic Asset Allocation Fund provides investors with a portfolio having a variable mix of asset classes. The fund has a provision to diversify its net assets across multiple types of Shariah Compliant securities and investment styles

Benefits:

  • Shariah compliant
  • Medium risk
  • No minimum holding period
  • Easily redeemable
  • Tax rebate available
  • Partial or complete encashment at any time

Returns as per Fund Manager’s Report:

FY21 till Apr’21 FY20 FY19 FY18 FY17
12.35% 9.81% ‐4.16% ‐1.33% 14.58%

MCB Pakistan Asset Allocation Fund

MCB Pakistan Asset Allocation Fund is an asset allocation fund and its objective is to provide a high absolute return by investing in equity and debt markets

Benefits:

  • Medium risk
  • No minimum holding period
  • Easily redeemable
  • Tax rebate available
  • Partial or complete encashment at any time

Returns as per Fund Manager’s Report:

FY21 till Apr’21 FY20 FY19 FY18 FY17
20.50% -3.58% -9.79% -2.55% 9.54%

Bachat Units for Alhamra Islamic Asset Allocation Fund

Bachat Units for Alhamra Islamic Asset Allocation Fund is a unit for investors where there is no front-end load while a back-end load is applicable if the units are redeemed before end of 2yrs. Alhamra Islamic Asset Allocation Fund is an open-ended, asset allocation fund that invests in shariah compliant equity and debt markets. Alhamra Islamic Asset Allocation Fund shifts exposures between shariah compliant debt and equity as per market conditions and discretion of MCBAH

Benefits:

  • 100% initial allocation
  • Shariah compliant
  • Medium risk
  • No minimum holding period
  • Easily redeemable

Returns as per Fund Manager’s Report:

FY21 till Apr’21 FY20 FY19 FY18 FY17
18.06% -0.76% -8.89% -4.06% 27.74%

These are instruments where the issuer (the borrower/customer) issues a security for purchase by the security holder (the lender/financier). These instruments pay investors periodic fixed/floating returns until the maturity date. At maturity, investors are repaid the principal amount (Face Value). These instruments are issued by financial and non-banking financial institutions, corporations and governments.

* They provide steady income to investors throughout the life of the instrument.
* They are rated by credit rating agencies allowing investors to choose instruments as per their respective risk profiles.

  • Retail Term Finance Certificates (TFCs)
  • Treasury Bills (T-Bills)
  • Pakistan Investment Bonds (PIBs)
  • Defence Saving Certificates (DSCs)
  • Special Saving Certificates (SSCs)
  • Certificate of Deposit (CoD)
  • Certificate of Musharika (COM)
  • Ijarah Sukuk
  • Retail Sukuk

You are requested to please check with your respective RM for product availability

SCBPL is only the distributor of these products.

SCBPL offers Shariah Compliant Fixed Income Products. Please contact your RM to check for product availability.

The Islamic Fixed Income Products adhere to Islamic principle of avoiding interest/riba as they are usually based on sale, lease, partnership (Modarba) or agency relationship.

Fixed Income instruments offer capital protection of Face Value/Principal Amount if held till maturity. If encashed/sold before maturity then the principal/face value is subject to market risk and investment may result in capital gain or a loss.

While there are many risks involved, some of the major risks include:

  • Credit Risk/Default Risk (Minimal in Government Securities)
  • Market Risk
  • Liquidity Risk (Low in Government Securities)
  • Reinvestment Risk
  • Legal/Regulatory Risk

Government securities have low credit risk compared to securities issued by corporations because they are backed by the full faith and credit of the Government of Pakistan.

Par Value is the amount of money a bondholder will get back once a bond matures.

The amount the bondholder/sukuk holder will receive as interest payments/ profit payments and is always calculated on Face Value/ Par Value.

This is the holding period profit that accrues to the holder of the security for the time period of holding. In other words, this is the return (interest/profit) that is due to the holder of the security.

Yield to Maturity (YTM) – The rate of return that an investor would achieve on a bond/sukuk, if he/she bought it at a given price and held it to maturity; the internal rate of return on investment.

The minimum investment amount is PKR. 1,000,000/-

IPS accounts are custodial accounts maintained for buying and holding Government Securities (PIBs, T-Bills, Sukuk or any other such security issued by State Bank of Pakistan from time to time on behalf of Government of Pakistan). Individuals with a PKR denominated account with SCBPL are eligible to open an IPS account.

The investment is subject to the deduction of Withholding Tax as per prevailing Tax Laws.

Please see the SOCs for latest charges.

Certificate of Deposit (COD) is a savings certificate with a fixed maturity date and specified fixed interest rate. A CD restricts access to the funds until the maturity date of the investment for a higher return.

Certificate of Musharaka (COM) is a Shariah compliant Certificate of Deposit. It is a profit and loss sharing scheme, with a projected rate of return and maturity period as per chosen tenor.

COD/COM is not Bank Savings or a Term Deposit.

Profit payment frequency can be monthly, quarterly, half yearly, yearly or on maturity as selected on the COM application.

The minimum investment amount is PKR. 100,000/-

Certificate issuer may apply the following:

  • Minimum stamp duty of 0.05% p.a on investment amount at the time of investment.
  • No profit payment on encashment before completion of one month from the date of investment.
  • All premature encashment after one month will incur a downward profit rate adjustment.
  • 1% of the encashment value on redemption of COMs prior to maturity at discretion of the issuer.

The payment of profits, encashment value is subject to Zakat deduction (if attested copy of CZ-50 is not provided to ORIXM at any time prior to redemption), Withholding Tax and/or Capital Gain Tax where applicable.

You can get your funds back into your account within 7 working days from the submission of attested copy of SNIC/CNIC, request for encashment, along with original certificates (duly discharged) at any SCBPL branch.

They are government certificates for meeting the financial needs of long term category investors and provide them with the opportunity to take maximum benefit of their savings. These certificates have been specifically designed to meet the future requirements of depositors with a maturity period of 10 years.

Special Savings Certificates (SSCs) are government certificates that offers a unique investment opportunity for small and medium savers to meet their periodic financial needs.

Maturity period of Defence Savings Certificates is 10 years.

Maturity period of Special Saving Certificates is 10 years.

DSCs can be encashed at par any time after the date of purchase. However, no profit is payable if encashment is made before completion of one complete year.

SSCs can be encashed at par any time after the date of purchase. However, no profit is payable if encashment is made before completion of six months and no service charges shall be deducted for the encashment of these certificates.

DSCs and SSCs can be pledged.

Certificates issued/purchased/ reinvested on or after November 15th, 2010 shall not be automatically reinvested (rolled over) on maturity.

Zakat shall be deducted at source as per rules.

The investment is subject to the deduction of Tax as per prevailing Tax Laws.

The Central Directorate of National Savings (CDNS) initiated a new registered prize bonds scheme called “PREMIUM PRIZE BONDS (REGISTERED)” parallel to the National Prize Bonds Scheme. Contrary to the National Prize Bonds (bearer), the Premium Prize Bond is a registered prize bond which is issued in the name of registered investor. The investor gets a six monthly profit on investment at a rate notified by the Government of Pakistan upon completion of six month period either from the date of issue or date of last profit paid in addition to eligibility for prize money in quarterly draws, subject to compliance to shut period requirements.

Presently, there are two denominations i.e. Rs. 25,000/- and Rs. 40,000/-.

The Premium Prize Bond Scheme is a product of Central Directorate of National Savings (CDNS). These Bonds are issued as a Federal Government Debt by the office of State Bank of Pakistan Banking Services Corporation or branch of designated commercial bank.

Any investment made under Premium Prize Bond Scheme and profit earned thereon is exempted from compulsory deduction of Zakat. However, withholding tax on both the profit (Section 151 of Income Tax Ordinance, 2001) and prize money (Section 156 of Income Tax Ordinance, 2001) shall be applicable as per the prevailing rate notified by the Federal Government.

The Premium Prize Bonds are issued for unlimited tenor without any maturity, till such time it is encashed by the registered holder or withdrawn by the Government.

There is no maximum limit in number or value for purchase of Premium Prize Bonds. However, these bonds shall be issued in multiples of its face value only.

Premium Prize Bonds can be encashed by the registered investor at any time after its issuance from office of issue. No deduction will be made on face value.

Profit on PPBs is notified by the Finance Division GoP from time to time. Prevailing profit rates can be viewed at https://www.sbp.org.pk/sbp_bsc/Prizebond.asp.

The Draws for each denomination of Premium Prize Bonds are held on quarterly basis. Profit payment is semi-annual, subject to completion of six months from the date of issuance or profit paid.

The investor is not required to submit any claim as the prize money against winning Premium Prize Bonds is directly credited to registered investor’s Bank account provided at the time of purchase of respective bond. Like prize money, the investor is not required to submit any claim for profit payment. The profit on investment is directly credited on due dates into the registered bank account of the investor provided in the application.

Yes, PPBs can be transferred from one person to another person; however:

  • Transfer of Bonds is only available for individual investor(s).
  • The investor can only transfer PPBs from the same commercial bank irrespective of the branch.
  • Personal presence of both the Transferor and Transferee is mandatory
  • The original PPBs to be transferred must be presented along with a duly filled Application Form for the transfer of PPBs and identity document.
  • Transferor of bonds before the completion of six months period either from the date of issuance or date of last profit will not be paid any profit for the broken period.
  • Transfer of prize winning bonds from one person to another will only be allowed subequent to settlement of outstanding prize money in the regisered investor’s account.
  • After transfer of title, the Transferor shall relinquish all his / her claims in terms of principal, profit and prize money (if any).

A mutual fund is an investment vehicle that collects money from many investors, and invests the collected pool of money in various investment avenues. The fund is managed by experienced professionals, who manage the fund, and monitor its performance on an ongoing basis.

Some of the major benefits of investing in a mutual fund are:

  • Tax benefits
  • Diversification
  • Professional management
  • Liquidity
  • Affordability
  • Ease of investment
  • Transparency
  • Flexibility

No. Mutual funds are not capital guaranteed; return on mutual funds is also dependent on the nature of the investment and the economic environment.

There is no ideal tenor for holding an investment. However, one should keep in mind their financial requirements, risk appetite and nature of the fund they are invested in.

No. Past performance is no guarantee of a fund’s future performance.

No. SCBPL is only a distributor of these funds as licensed by Securities and Exchange Commission of Pakistan through License to Act as Securities Adviser. SCBPL and its affiliates shall not be held responsible in any manner whatsoever to any person, including but not limited to, the client(s), beneficiary or any third party with respect to the performance of the fund / plan.

The riskiest investment is in an equity fund followed by in an income/fixed income fund and least risky in a money market fund.

Investment in Mutual Fund provides tax benefit by allowing the investor tax credit (as per Section 62 of the Income Tax Ordinance, 2001).

Islamic funds are different from conventional funds as their investments are limited to those that comply with Shariah Principles. These funds are carefully monitored by the Fund House’s Shariah Board/Shariah advisor to ensure all aspects of Shariah are adhered to.

You can get your funds back into your account within 7 working days from the date the application is received at the fund house.

A fund’s unit price, Net Asset Value (NAV), is published on the Fund House’s website as well as leading financial newspapers on a daily basis. You may obtain this NAV and multiply it with your number of units to get the current investment value.

Example: NAV is Rs 133.47. Your number of units is 40,000
40,000 * Rs 133.47= Rs 5,338,800/-

It is the fee charged by asset management companies (AMCs) for managing funds. It is calculated as a percentage of net assets under management and is typically quoted on an annual basis.

Front-end load is a commission or sales charge applied at the time of the initial purchase of the investment in a mutual fund. It is deducted from the initial investment amount, and as a result, lowers the size of the investment.

A back-end load is a fee that investors pay when selling mutual fund shares. The fee is calculated as a percentage of the value of the shares being sold.

Investments in Mutual Funds / Investment Products are subject to market risks. Past performance should not be taken as a guarantee of future performance and no representation or warranty, express or implied, is made regarding future performance. Please read the Trust Deed and the Offering Document of a Mutual Fund carefully to understand the investment policy of a Mutual Fund and the risks involved. Standard Chartered Bank (Pakistan) Limited is only the ‘Distributor’ of Mutual Funds in Pakistan, as licensed by Securities and Exchange Commission of Pakistan through License to Act as Securities Advisor under license no. SA-0040/SA/SMD/2018 – 005. This literature constitutes a summary of products and while all reasonable care has been taken in preparing this document, no responsibility is taken by Standard Chartered Bank (Pakistan) Limited for any opinion expressed herein or any liability for any consequences, financial or otherwise, arising from the subscription or acquisition of these products. Investors should make their own appraisal and consult their own financial, legal, taxation and other professional advisors prior to any subscriptions. Any product details/offerings will be shared by Standard Chartered Bank (Pakistan) Limited after conducting Suitability Assessment and Financial Need Analysis of the client.

Invest Standard Chartered helps you decide where to invest your hard-earned income.

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