KARACHI, Dec 05: Al Meezan Investments (Al Meezan), Pakistan’s Largest Asset Management Company in the private sector has achieved another milestone of AM2+ management quality rating which has been upgraded from AM2 by JCR-VIS Credit Rating Company. Al Meezan is the only Asset Management Company in Pakistan with this Rating which denotes High Management Quality with a “Stable” outlook. “This recognition is a huge honour for Al Meezan which is in line with its mandate to provide best Shariah compliant investment solutions to its valued investors”, said Mr. Mohammad Shoaib, CFA, Chief Executive of Al Meezan.
Al Meezan, as the only Shariah compliant asset management company in Pakistan, has continued to strengthen over time, as evidenced by consistent increase in market share and a high retail investor base compared to the peers. Al Meezan is also the largest private sector asset management company with total Assets under Management (AUMs) of Rs. 57 billion.
Mr. Shoaib highlighted that the AMC greatly values its retail base which is largely responsible for the performance distinctions that have been obtained locally and internationally over time. Due to the professional and prudent management at Al Meezan and the company’s continuous commitment to further enhance and strengthen its support infrastructure and risk management systems to offer greater value and convenience to investors, Al Meezan has not only been able to retain our existing investors but also managed to increase the investor base significantly. We also acknowledge the strong support from the parent company, Meezan Bank Limited which is Pakistan’s 8thlargest bank in terms of branch network, with 400 branches in 113 cities of the country in just 12 years. The Bank has been consistently recognized as the best Islamic Bank in Pakistan by various local and international institutions over the past several years.
Speaking on this occasion, Mr. Shoaib thanked both individual and institutional investors for their confidence and trust which enabled Al Meezan to achieve this milestone. He also announced another initiative aiming at enhancing the overall investor journey by means of convenience and faster Online Transaction Service available to all our valued investors. We will Insha’Allah continue to work diligently to meet the demands of our investors and work towards our vision of “making Shariah compliant investing first choice of investors.”