Rs 1810 million interim payout for unit holders of Meezan Funds announced

Mohammad Shoaib, CFA, the CEO of Al Meezan Investment Management Limited (Al Meezan) under the authority delegated by the Board of the Companies pleased to announce interim payout of Rs 181 crores for the unit holders of following Open End Funds/Plans for the year ended June 30, 2019.
Al Meezan, the largest Shariah Compliant Asset Management Company in Pakistan with the Highest Management Quality Rating of AM1from both PACRA and JCR-VIS Credit Rating Companies presently managing sixteen Mutual Funds, a voluntary pension scheme and several investment and administrative plans. The detail of the payout is as follows:
The CEO also thanks the investors for reposing their trust and confidence in the fund management capabilities of Al Meezan team. Al Meezan with its vision to make Shariah Compliant Investing a First Choice of Investors offers a complete range of Shariah Compliant investment solutions to meet the diverse investment needs of over 100,000 investors.

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Cash Dividend:

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S. No.  Funds                               Payout per       Payout as % of par

                                            unit - Rs.     value of Rs. 50 each

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1.      Meezan Islamic Income Fund ("MIIF")     4.0472                     8.09

2.      Meezan Cash Fund ("MCF")                3.9218                     7.84

3.      Meezan Sovereign Fund ("MSF")           3.5911                     7.18

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Bonus Units:

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S. No.  Funds/Plans                           Payout per     Payout as % of par

                                              unit - Rs.   value of Rs. 50 each

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1.      Meezan Gold Fund ("MGF")                    5.90                  11.80

2.      Meezan Financial Planning Fund of Funds ("MFPF")

i       Conservative Allocation Plan               10.00                  20.00

ii      Moderate Allocation Plan                    7.00                  14.00

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