Al Meezan Receives the Innovation Award 2016 in Pension Reform by Pensions & Investments’ WorldPensionSummit
We are pleased to announce that Al Meezan has been recognized at The 2016 Innovation Awards by Pensions & Investments’ WorldPensionSummit for excellence in pension reform category. This award recognizes the firm for the development of a voluntary pension plan- Meezan Tahaffuz Pension Fund (MTPF) for individuals in Pakistan. The plan is also the first Shariah-compliant solution in the country for retirement savings offered in June 2007. MTPF is also the largest Voluntary Pension Fund in Pakistan with AUMs of over Rs. 7 Billion (as on October 31, 2016). The award was presented during the annual the WorldPensionSummit conference in The Hague, Netherlands, to Mr. Mohammad Shoaib, CEO Al Meezan.
“We are thankful to our investors for their continuing confidence and trust in Al Meezan Investments. Al Meezan’s position as the largest private sector asset management company in Pakistan and also as the largest manager for Shariah compliant funds is attributed to sheer dedication by its team members to deliver high quality and innovative Islamic investment solutions” said Mr. Mohammad Shoaib CFA, Chief Executive of Al Meezan Investments.
He further added, “We will Insha’Allah continue to work diligently to meet the demands of our investors and work towards our vision of making Shariah compliant investing first choice of investors”.
Al Meezan managing investments since 1995 has one of the longest track records of over 20 years in the private sector in Pakistan. With AM2++ Management Quality Rating, Al Meezan has the distinction of being the largest private sector Asset Management Company in Pakistan with total Assets under Management (AUMs) of over Rs. 87.94 billion (as on October 31, 2016) in 12 different funds and an investor base of over 48,000 clients. Al Meezan also has to its credit Pakistan’s largest private sector Equity Fund i.e. Meezan Islamic Fund (MIF) with AUMs of over Rs. 36.6 Billion (as on October 31, 2016).
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