Al Meezan offers AL Meezan Mutual Fund which was earlier known as closed end equity fund. This has been converted into an open end equity fund since 5th August 2011. It is one of the best performing private sector closed-end funds. The fund has provided a cumulative return of 883% since its inception till June 30, 2011 with return of 16.45% on annualized basis.
Investors through this fund have converted their Rs 100,000 investment into Rs 983,000 till June 30, 2011. Al Meezan Mutual Fund was integrated into the system on July 13, 1995 as a public limited company functioning under the Companies Ordinance, 1984. It was registered under the Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003 (NBFC Rules). It obtained the certificate of commencement on 1st January 1996. It was listed on the Karachi Stock Exchange on September 16, 1996 as a closed ended mutual fund.Al Meezan Investment Branch is opening at Peshawar on 27th June 2014. This branch can be visited at 6 Saddar Road, Peshawar, office no 6-D on the ground floor.
This investment will now be available in Peshawar. For further details please contact on the following numbers:
Ph: 091-5271911, 091-5271912, 091-5271913, 091-5271914.