We, Al Meezan Investment Management Limited (Al Meezan Investments), are a joint venture of Meezan Bank and Pak Kuwait Investment Company (PKIC), dedicated to providing Shariah compliant investment solutions. We specialize in investment management, specifically developing, floating and managing both open and closed end mutual funds, investment advisory and the discretionary management of institutional as well as high net worth individuals (HNW) portfolios.
We are registered with Securities and Exchange Commission of Pakistan (SECP) and are regulated under the Non-Banking Finance Companies (NBFC) Rules 2003 and NBFC Regulations 2007. We are licensed to provide investment advisory, asset management and investment finance services.
Our Vision
"To promote professional fund management through development and implementation of Shariah compliant investment products, policies and practices designed to meet the investment objectives of the investors".
Our Mission
"To be the leading Shariah compliant asset management company providing quality service to institutional and individual investors utilizing modern techniques of portfolio management, proactive asset allocation and prudent security selection while maintaining high standards of ethical and professional conduct”.
History
Al-Meezan Investment Management Limited (Al Meezan Investments) was established in 1995 as a joint venture between
- Pakistan Kuwait Investment Company (PKIC),
- National Investment (Trust) Limited , and
- Jardine Fleming Investment Management International Limited (Jardine Fleming).
Al Meezan Investments has over the years benefited immensely from domestic investment management expertise of PKIC and National Investment (Trust) Limited and international expertise of Jardine Fleming.
Jardine Fleming made a substantial contribution towards the development of systems and procedures for Al Meezan Investments during its six years of association with the company. The key investment professionals of Jardine Fleming, Hong Kong who served as Directors of Al Meezan Investments for these six years, contributed to the development of strategic plans and investment policies of the company.
Key personnel of Al Meezan Investments received extensive training on fund management at Jardine Fleming Investment Management, Hong Kong. This has enabled Al Meezan Investments to acquire specialized knowledge and experience of investment management over the years.
As part of global restructuring of its operations, Jardine Fleming wound up its asset management and brokerage operations from a number of countries including Pakistan. Jardine Fleming’s shareholding in the company was acquired by Meezan Bank (formerly Al Meezan Investment Bank Limited), Pakistan's first scheduled Islamic commercial bank, which operates strictly under the principles of Islamic Shariah.
In 2003, Meezan Bank increased its shareholding to 70% by acquiring National Investment (Trust) Limited stake in the company and later 5% of that was allocated to the employees of Al Meezan Investments.