Banking Holiday – NAV announcement and Transaction Reporting
March 22, 2023
1 – This is to inform that there will be no NAV announcement for the following funds due to Banking Holiday on 1st working day of Ramadan i.e., Friday, March 24, 2023.
- Meezan Sovereign Fund (MSF),
- Meezan Islamic Income Fund (MIIF),
- Meezan Cash Fund (MCF),
- Meezan Rozana Amdani Fund (MRAF),
- Meezan Tahaffuz Pension Fund (MTPF),
- Meezan Daily Income Fund (MDIF),
- Meezan Daily Income Plan (MDIP-I)
- Meezan Mahana Munafa Plan (MMMP)
2 – All the transactions received in the above-mentioned funds, will be executed on next available NAV i.e. Monday, March 27, 2023.
3 – All other funds will operate in ordinary course except conversion from/to above mentioned funds which will be executed on next available NAV.
4 – MEC facility will not be available in any of Al Meezan’s managed funds on 1st working day of Ramadan due to Banking Holiday.