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Al-Ameen Islamic Punjab Pension Fund

Pension ka Ameen!

Why invest in Al-Ameen Islamic Punjab Pension Fund?

Competitive Returns
Avail attractive Tax benefits
Free Life Insurance/ Takaful Coverage
Start investing with Rs. 500

Govt. of Punjab had amended the Punjab Civil Servants Act, 1974 (through Punjab Civil Servants Ordinance, 2023 (1 of 2024) and introduced Punjab Defined Contributory Pension Scheme Rules, 2025 and the Pension structure has been changed for all new Punjab Govt. employees after the notification.

Contact our team for more details about our pension plans.

Punjab Contributory Pension Fund Scheme is ideal for GoP employees who want:

To save towards retirement low initial and subsequent contributions to be made through GoP.
Govt. of Punjab as well as employees will both contribute a lump sum amount snf/or invest monthly.
To invest in different asset classes to have a diversified portfolio*
To transfer the balance from Conventional to Shariah compliant scheme or from Shariah compliant to Conventional with the same Pension/Asset Management Company or transfer any other Pension/Asset Management Company free of cost, any time under the VPS rules, 2005.
To select Pension/Asset Funds Management Company of his/her choice and investment mode (Conventional or Shariah complaint.

* During first three years, 100% allocation will be made in Money Market Sub-Funds only. After 3 years completion, employees may choose customized allocation as per limits allowed or default allocation will be applied.

Note: Any early withdrawal OR withdrawal in excess of 50% of the accumulated pension account balance at retirement OR after retirement will attract withholding tax under the Income Tax Ordinance, 2001 (U/s 23A of Part I of The Second Schedule).
Income from Income Payment Plans or Annuity Plans is also subject to income tax in the hands of the Participant as per the Income Tax Ordinance, 2001, effective 1st July, 2022, following the withdrawal of exemption through the Finance Act, 2022.

Al-Ameen Islamic Punjab Pension Fund

Need more information about the fund? Here’s what you need to know.

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Fund Information

Rs.500Minimum investment

Rs.500Minimum subsequent investment

Investment charges Nil of Net Asset Value

Fund ratingN/A

Expense Ratio

Up to PKR 10 billion: 0.75 % p.a. (MMSF); 0.75% (DSF) 1% (EISF) 1.75% (EASF)

Up to PKR 20 billion: 0.70 % p.a. (MMSF); 0.70% (DSF) 095% (EISF) 1.75% (EASF)

Up to PKR 30 billion: 0.60 % p.a. (MMSF); 0.60% (DSF) 0.85% (ESF) 1.60% (EASF)

Greater than PKR 30 billion: 0.50 % p.a. (MMSF); 0.50% (DSF) 0.75% (EISF) 1.50% (EASF)

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All investment in Pension funds are subject to market risks. Past performance is not indicative of future results. Please read the consolidated Offering Document to understand the investment policies and the risks involved. Section 63, 23A & C (Part 1 of 2nd Schedule) of Income Tax Ordinance, 2001 govern taxation of Pension schemes. Please consult your Tax Advisor before making any investment decision. Use of name and logo of UBL Ameen / UBL Bank as given above does not mean that they are responsible for the liabilities/obligations of Al-Ameen Funds / UBL Fund Managers or any investment scheme managed by them. Withdrawals from this Employer Pension Fund before the retirement age is subject to tax under the provisions of the Income Tax Ordinance, 2001 and penalty as may be applicable under PUNJAB Rules. UBL Funds may share commission out of management fee earned to the sales teams of the Company or its distributor(s) earned on his/her/their own investment(s)