To enhance your overall investment experience at Al Meezan, we are pleased to announce the Removal of Transaction Cost in our Equity Funds. This is aimed at reducing the cost of investment for our investors in Al Meezan Mutual Fund (AMMF) and Meezan Islamic Fund (MIF).
Currently, a transaction cost of 0.25% is being charged in these equity funds on purchases/conversion and is reflected in the account statement separately. However; from April 06, 2015 onwards, the Management Company shall not deduct such charges in AMMF and MIF.
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