Faysal Asset Management Limited (FAML), a subsidiary of Faysal Bank Limited, has achieved a major milestone by securing an ‘AM1’ Management Quality Rating (MQR) from VIS Credit Rating Company Limited. This prestigious recognition underlines the company’s strong management expertise and emphasizes its significant contributions to the asset management industry. The assigned rating carries a ‘Stable’ outlook, further affirming the company’s solid footing in the competitive market.
Established in 2003, FAML has steadily grown to become a key player in Pakistan’s asset management sector, experiencing notable expansion in its Assets Under Management (AUM). A significant part of this growth is attributed to FAML’s strategic shift towards Shariah-compliant investments, which began after the company was certified as Pakistan’s first Shariah-compliant Asset Management Company in March 2024. This move has broadened the company’s appeal to a diverse range of investors, reinforcing its reputation as a leader in Islamic finance and investment management. Faysal Funds’ rigorous and well-structured investment process is a testament to the firm’s commitment to delivering strong returns for its clients while adhering to a strategic and disciplined approach to portfolio management.
Achieving the ‘AM1’ rating is also a reflection of FAML’s unwavering focus on improving its governance framework. Over the years, the company has introduced several governance initiatives, including enhancing its Board structure and setting up a Shariah Supervisory Board. These measures, coupled with the expertise of a highly experienced management team, have played a critical role in improving the company’s operational efficiency and market presence. FAML’s focus on governance ensures that it maintains high standards of corporate responsibility and operational excellence.
The support from Faysal Bank Limited, the parent company of FAML, has been instrumental in this success. The collaboration between the two entities has resulted in operational synergies, allowing FAML to enhance profitability and operational efficiency. Faysal Bank’s extensive expertise in Islamic banking has been crucial in helping FAML strengthen its foothold in the Islamic asset management market. This partnership continues to drive growth and bolster the company’s performance.
As FAML looks to the future, its focus remains on expanding its portfolio of Shariah-compliant investment products and investing in digital initiatives. These forward-looking strategies will play a key role in navigating the rapidly evolving landscape of asset management. FAML’s leadership remains committed to maintaining a competitive edge by prioritizing strong governance, a robust internal control framework, and strategic growth plans.
The ‘AM1’ rating is a significant endorsement of Faysal Asset Management’s continued commitment to excellence and innovation. As the company charts its path forward, this recognition will reassure investors of the firm’s dedication to delivering superior value while upholding the highest standards of corporate governance.