Yes, Mahaaana Save+ is ideal for low risk investing. You can invest and withdraw funds at any time while making greater returns than a bank savings account.
Mahaana is regulated by the Securities & Exchange Commission of Pakistan (SECP) as a non-bank financial company (NBFC). All of your funds are stored with the Central Depository Company (CDC). Mahaana does not have direct access to your funds and all transactions on your account are validated by CDC. Additionally, funds can only be withdrawn into a bank account that’s in your name.
The starting amount may vary depending on your investment goals, how much risk you want to take and the duration of investment. To invest in Mahaana Save+, you’ll need to submit an initial deposit of at least PKR 1000.
Yes. Feel free to reach out to us on our live chat.
We don’t charge any fees for opening an account with us. We generate our revenue by charging a management fee on customer holdings and this is done from the returns generated. Hence we don’t charge customers directly.
You’ll need your CNIC and the IBAN number of your bank account to start investing.
An AMC (Asset Management Company) pools funds from clients and invests them to generate improved returns. In Pakistan these companies are also known as mutual funds. A Digital AMC focuses on providing it’s clients an end to end digital experience rather than paper-based conventional practices.
Cash deposited into Mahaana Save+ is invested into Mahaana Islamic Cash Fund (MICF). MICF invests this cash into Shariah-compliant securities including corporate sukuks, government sukuks and bank placements. These investment avenues are considered low risk and stable compared to other assets. However MICF may get negative returns.
Mahaana is a member of Mutual Funds Association of Pakistan (MUFAP) and regulated by the Securities & Exchange Commission of Pakistan (SECP) as a non-bank financial company (NBFC). All of your funds are stored with the Central Depository Company (CDC). Mahaana does not have direct access to your funds and all transactions on your account are validated by CDC. Additionally, funds can only be withdrawn into a bank account that’s in your name.
No front-end load (deposit charges) or back-end load (withdrawal charges) are charged with Save+ (MICF).
Yes, Mahaana Save+ is Shariah-compliant. View this document as proof.
For tax filers: 10% tax on capital gains (CGT) on withdrawals and 15% on dividend gains.
For non-filers: 20% tax on capital gains (CGT) on withdrawals and 30% on dividend gains.
Returns are automatically added to your account on a daily basis. You can view your profits by logging into the Mahaana webapp.
Deposits and withdrawals are usually processed within 1-2 business days.
An ETF is a basket of shares that has been put together in one stock. When you buy an ETF, you’re essentially buying one stock (ETF) which invests in multiple shares. It is a great vehicle for investors to get access to a diversified portfolio.
In a way, yes! Since ETFs invest in multiple sectors, at any given time some sectors can be doing well, while others might not be so your overall risk is low. However, if the market is not doing well, the ETF will be impacted as well.
MIIETF, Mahaana Islamic Index Exchange Traded Fund is an ETF listed on the Pakistan Stock Exchange. It is Pakistan’s first broader index Islamic ETF that tracks the performance of top 30 Shariah-compliant companies in Pakistan.
Yes, MIIETF invests only in Shariah-compliant assets.
Diversified portfolio: Exposure to a basket of stocks: Oil & Gas Exploration, Fertilizer, Cement, Power Generation and Distribution, Commercial Banks and other sectors.
Long-term growth potential: ETFs invest in companies across various sectors that are positioned for growth in the long term. Factors like technological advancements, increasing global demand, and economic development can drive these companies' value, potentially benefiting the ETF's overall performance.
Lower costs: ETFs tend to have lower expense ratios, resulting in reduced fees for investors over time.
Transparency: ETFs provide real-time pricing and transparency of holdings, allowing you to see what assets you own at any given time.
Tax Efficiency: ETFs tend to have lower turnover ratios compared to actively managed funds. This means fewer taxable events.
You will need to contact your PSX broker to buy an ETF.
ETFs pay dividends annually as and when deemed fit by the board of directors. These are paid out from the gains on investments from the underlying basket of shares.