Al Meezan Investments launches Meezan Cash Fund (MCF),
the first Shariah Compliant Money Market in Pakistan
(Initial Launch - June 15 to June 19, 2009)
Al Meezan Investments proudly launches Pakistan’s first Shariah compliant money market Fund - Meezan Cash Fund (MCF). The fund will be available for public subscription from June 15 to June 19, 2009 (both days inclusive). During the initial launch period investor will get an opportunity to invest at the par value of Rs. 50/- per unit. The Offering Document and Trust Deed of the fund are available on website www.almeezangroup.com. However, Investor may also information about MCF from 0800-HALAH (42525).
The launch of MCF is another milestone from Al Meezan Investments. Being the first ever Shariah compliant money market fund in Pakistan, MCF aims to provide very stable returns to the investors avoiding risk of both long-term fixed income instruments and stock markets. This fund is ideal for investors looking for a cash management solution for parking short term liquidity,
MCF will invest in high quality instruments with issue or entity rating of ‘AA’ and above, thus seeking to provide maximum capital preservation for initial investment of investors. With a stability rating of ‘AA(f)’, MCF provides investors ease of entry and exit from the fund with no hidden charges.