Pakistan: Selected Banks for Benchmarks in Accordance With SECP’s Direction No. 27 of 2016 - Performance Benchmarks For Collective Investment Schemes - January 2018

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1. Selected Banks for Benchmarks in accordance with SECP ’s Direction No. 27 of 2016 - Performance Benchmarks for Collective Investment Schemes As per Direction # 27 of 2016 dated August 25, 2016 regarding ‘Performance Benchmark for CIS’ MUFAP has to select the banks for the following categories: 1. Money Market Scheme (Three AA rated scheduled Banks) 2. Shariah Compliant Money Market Scheme (Three AA rated Islamic Banks or Islamic Windows of Conventional Banks) 3. Shariah Compliant Islamic Income Scheme (Three A rated Islamic Banks or Islamic Windows of Conventional Banks) 4. Commodity Schemes (Three AA rated scheduled Banks) 5. Islamic Commodity Schemes (Three AA rated Islamic Banks or Islamic Windows of Conventional Banks) The selected banks and their rates for January 2018 are as follows: 1. Money Market Scheme& Commodity Scheme (Three AA rated scheduled Banks) Bank Name Sindh Bank Faysal Bank Ltd. Type of Account PLS Saving Account Faysal Saving Account Bank of Punjab Average PLS Saving Account Deposit Rate 3.75% 3.75% 2.79% 3.43% 2. Islamic Money Market Scheme& Islamic Commodity Scheme (Three AA rated Islamic Banks or Islamic Windows of Conventional Banks) Bank Name Sindh Bank Faysal Bank Ltd. Meezan Bank Ltd. Average Type of Account Saadat Asaan Saving Account Barkat Asaan Saving Account Meezan Labbaik Saving Account Deposit Rate 2.22% 2.50% 3.01% 2.58% 3. Shariah Compliant Islamic Income Scheme (Three A rated Islamic Banks or Islamic Windows of Conventional Banks) Bank Name Al Baraka Bank (Pakistan) Ltd. Bank of Khyber MCB Islamic Bank Limited Average Type of Account Saving Account Interest free PLS Saving Hifazat Saving Deposit The same shall be available on our website and updated accordingly. Deposit Rate 2.48% 3.04% 2.03% 2.52%