Faisalabad: Al Meezan Investment Management Ltd. a subsidiary of Meezan Bank has opened its Faisalabad branch at main Kotwali Road. The opening of this office is part of its commitment to provide Halal and Riba-free investment opportunities along with quality services to the investors at their door step. The inauguration took place on Saturday, November 1, 2008 at 11:00 a.m. Mr. Muhammad Shoaib CFA, Chief Executive of Al Meezan Investments formally announced the inauguration of the office. Mr. Moazam Saeed, Area Manager Meezan Bank, other officials of Meezan Bank and many other dignities of the city were present on the occasion.

Al Meezan Investments, a management company of Meezan Islamic Fund which is the largest private sector open equity fund in the country was incorporated in 1995. It has 13 years track record of managing mutual funds in the private sector in Pakistan. The company sponsored by Meezan Bank and Pak Kuwait Investment Company and is dedicated to providing Shariah compliant investment solutions. It adheres to Shariah guidelines laid down by the Shariah Supervisory Board of Meezan Bank. The Shariah Board is chaired by eminent Shariah scholar Justice (Retd.) Mufti Muhammad Taqi Usmani.

Al Meezan Investments is currently managing open end, closed end mutual funds and a pension fund. Al Meezan Investments has got Management Quality Rating of "AM2", assigned by JCR-VIS. It is the first asset management company in Pakistan to voluntarily adopt and implement "Asset Manager Code of Professional Conduct" from CFA Institute, USA. The total assets under management of Al Meezan Investments are currently about Rs.15 billion.