The Unit holders of Meezan Rozana Amdani Fund (“MRAF”) under Management of Al Meezan Investment Management Limited (Al Meezan) are informed that, effective September 17, 2021, Management Fee and Selling & Marketing Expenses in Meezan Rozana Amdani Fund (“MRAF”) will be accrued as per below mentioned schedule;
| Fund | Management Fee* | Selling & Marketing Expense |
|---|---|---|
| Meezan Rozana Amdani Fund (“MRAF”) | 0.15% | 0.00% |
* As per constitutive document, following is the allowed limit of charging Management fee in MRAF;
- * MRAF Up to 3.5% of gross earnings.