Corporate corner: Al Meezan Investments launches MAAF

Al Meezan Investment Management Limited (Al Meezan) announce the launch of Meezan Asset Allocation Fund (MAAF), an open-end Shariah Compliant Asset Allocation Scheme. The MAAF aims to earn a potentially high return through asset allocation between Shariah Compliant Equity, Fixed Income and Money Market Instruments. MAAF has an Initial offering from April 18- 20, 2016 with No Load and will be open for subscription subsequently. Mohammad Shoaib, CFA the CEO of Al Meezan Investments, while announcing the launch of the Fund said, “Al Meezan has continued to address the growing need of investors who are looking for wealth creation over the long term. Meezan Asset Allocation Fund is designed to help investors build wealth by seeking long-term capital appreciation, diversification across asset classes and the flexibility to change investment portfolio exposure as per the outlook.”