Al Meezan announces Interim Dividend for MSF, MIIF and MCF for FY 2013-2014
Al Meezan Investment Management Limited (Al Meezan) is pleased to announce another interim dividend payout for Meezan Cash Fund (MCF), Meezan Islamic Income Fund (MIIF) and Meezan Sovereign Fund (MSF) for FY 2013-2014. The details of the dividend are as following:
| Fund | Dividend (Rs.) per unit | % of par value of Rs. 50/- | Total return % for FY14 |
| Meezan Sovereign Fund (MSF) | 0.90 | 1.80% | 8.98% |
| Meezan Islamic Income Fund (MIIF) | 1.50 | 3.00% | 10.48% |
| Meezan Cash Fund (MCF) | 0.30 | 0.60% | 7.30% |
The payouts are in the form of Bonus Units to the Growth Unit holders and Cash Dividend to the Income Unit holders.
By the grace of Almighty Allah and the valuable support and patronage of our investors, Al Meezan is the Largest private sector asset management company in Pakistan with total assets under management of over Rs. 56 billion. It has AM2 rating by JCR-VIS denoting High Quality Management. Al Meezan offers a complete range of investment solutions to meet the varying investment needs of its investors which exceed 24,000 clients including over 400 institutional investors.
We promise to continue in our endeavor to provide best possible Sharia’h compliant investment solutions and world class services.