Al Meezan Investments has once again proved to stay ahead of the rest with their superior performance and has been awarded “Best Regional Fund Performance” by IFN Islamic Investor Awards 2014. The award is in the recognition of the company’s ability to perform in a market strained by political pressure and other challenges. The effort is admirable and demonstrates the resilience and dedication of investors in the sector. The Islamic Finance News Awards honors the best in the Islamic financial industry. It is one of the most prestigious awards and highly recognized by the global Islamic capital markets.
Al Meezan Investments, the Largest private sector asset management company in Pakistan, currently has total Islamic assets under management of Rs. 61.79 billion as on March 31, 2015. The firm has been a pioneer in the Pakistani space with 11 funds including two new launched in 2014: Meezan Capital Preservation Fund- III & II, the 1st funds in capital preservation series launched in January 2014 and in June 2014 respectively. Al Meezan has to its credit Pakistan’s largest private sector Equity Fund i.e. Meezan Islamic Fund (MIF) and largest Voluntray Pension Fund i.e. Meezan Tahaffuz Pension Fund (MTPF), with AUMs of over Rs. 21 Billion and Rs. 3.6 Billion respectively.
“The achievement of this milestone reflects the recognition of the investment management capability and service quality of Al Meezan Investments by globally recognized Islamic Finance News. Al Meezan’s has been able to achieve another milestone of AM2+Management Quality Rating by JCR-VIS, which is currently the high Management Quality rating awarded to Fund Managers in Pakistan. Earlier in 2014, Meezan Islamic Income Fund was also awarded ‘Best Fund’ over 1, 2, 3 and 5 year categories by Lipper Fund Awards 2014- Global Islamic,” said Mr. Mohammad Shoaib CFA, Chief Executive of Al Meezan Investments.
The award clearly manifests remarkable performance of Al Meezan and the funds under management. 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.