Al Meezan Receives the Award for Maximum Mutual Fund IPOs
By
SAFE- PSX Pakistan IPO SUMMIT
We are pleased to announce that Al Meezan has been recognized at The IPO Market Development Award 2016/2017 by Safe-PSX Pakistan IPO Summit for excellence in launching of the highest number of investment funds/plans in the same period. This award recognizes the firm for launching a total of 6 investment funds/plans in FY17, which is the highest number of offerings in the same period by any Asset Management Company (AMC) operating in Pakistan. This in turn, helped in pushing the mutual fund offering to new heights and thereby contributing towards the development of IPO market during year 2016/17.
“Al Meezan continually strives to offer our investors the kind of products that are in demand in the market, which may or may not yet already exist. Thus innovation, along with integrity in all our endeavors, is the cornerstone of Al Meezan’s philosophy”, said Mr. Muhammad Shoaib CFA, CEO of Al Meezan Investments, at the IPO Market Development Awards. “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”, he added.
Al Meezan takes pride in being the pioneer of Shariah complaint investment solutions in Pakistan. The brand has been managing investments since 1995 and has one of the longest track records of managing mutual funds in the private sector in Pakistan. With Assets under Management of Rs.101 Billion(as on September 30,2017) and the highest Management Quality rating of AM1by JCR-VIS Credit Rating Company, Al Meezan has the distinction of managing 14 mutual funds, several administrative plans and an investor base of over 67,000 clients. It has 16 branches in 10 major cities in Pakistan including Karachi, Lahore, Faisalabad, Islamabad, Peshawar, Multan, Abbottabad, Rawalpindi, Swat and Gujranwala. Al Meezan also has to its credit Pakistan’s largest private sector Equity Fund i.e. Meezan Islamic Fund (MIF) and largest Voluntary Pension Fund i.e. Meezan Tahaffuz Pension Fund (MTPF), with AUMs of Rs. 47 Billion and Rs. 8 Billion respectively (as on September 29, 2017).