Investing with us is a simple process for both individual and institutional investors. You can fill out the Account Opening Form & Investment Application Form.
For first time investment, please ensure to include a legible photocopy of your NIC, NICOP/Passport, Job/Business Proof, Zakat Exemption Declaration (Individuals) and other required documents in case of corporate investors.
You can make additional investments by following ways:
The cheque will be made in favor of Central Depository Company (Trustee). For instance; investment in MIF will be made in favor of CDC Trustee Meezan Islamic Fund. The form along with the investment/contribution instrument will be sent to: Al Meezan Investment Management Limited, Ground Floor, Block B, Finance and Trade Centre, Shahrah-e-Faisal, Karachi.
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You can withdraw money from your account at any time. You have the option to withdraw the complete amount or a specific amount based on your requirements.
Or you can fill out the Redemption of Units Form.
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You can move money from a scheme that you are currently invested in to any of the other schemes that we offer. This is called a conversion transaction.
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A Systematic Investment Plan (SIP) is a convenient method of investing in mutual funds. Under this plan, an investor contributes a fixed amount towards the mutual fund scheme at regular intervals, and gets units at the prevailing NAV.
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In Wakala based structure the Asset Management Company (AMC) acts as the agent of funds’ investors and charges a fee against its services. The fee is independent of the funds’ performance.
In Mudaraba based structure, AMC acts as Mudarib (who manages the business) and investor is the Rab-ul-Maal (who provides the capital for business). The profit is shared between AMC and the investors according to pre-agreed ratios. In case of capital loss, the Rab-ul-Maal bears the loss and the Mudarib is not liable for any loss, unless the loss has occurred due to negligence. Mudarib bears the loss of his services and will not be entitled for any remuneration on management service.
Following screening criteria is followed:
Purification: Non-Compliant Income must be paid out in charity in order to protect the investors’ returns from Riba
Sukuk commonly refers to the Islamic equivalent of bonds. However, unlike conventional bonds, which merely grant ownership of a debt, Sukuk grants the investor a share of an asset, along with the commensurate cash flows and risk. Sukuk securities adhere to Shari’ah principles, which prohibit the charging or payment of interest.
Sukuk can be tradeable or non-tradeable, depending on the underlying Shariah structure. The tenor of Sukuk can be more than one year and less than year, making it an instrument for both, capital and money markets. There are different types of Sukuks for example Ijarah Sukuk.
Ijarah Sukuk are related to leased properties and assets, they carry equal values, and are issued by the owner of the leased property or his agent. The aim of the transaction at the end is to sell the leased property through issuing Sukuk, accordingly, the holders of the certificates or Ijarah Sukuk own the asset and its charges during the rental period, each in proportionate to the certificates of Sukuk held in the leased asset. Under an ijarah contract, the usufruct of a particular property is transferred from the owner to another person in exchange for a rental payment. In other words, it is a leasing agreement with the lessor referred to as the mujir, the lessee called the mustajir and the rent paid to the lessor called ujrah.
For example, there might be a leased building, the monthly or annual income of which goes to the certificate of Sukuk holders who are considered as partners in the ownership of the building. In addition to the return from rent, the holder of Sukuk may sell the same in the secondary market.
There are no service charges from Al Meezan’s part at the time of Digital account opening and investment. However, charges of KUICKPAY facility will be borne by the customer and it will be deducted from customer’s bank account.
The applicability of charges (Front-end load, Bank charges, Government taxes and other charges where applicable) varies from product to product and amount to amount. Please refer Offering Document of the respective fund for related charges or consult your investment advisor.
Any individual with a valid CNIC, Email ID & Mobile Number can open Al Meezan’s online account.
You can simply open your account through our website; all the related details will be submitted online. No separate documents are required for Al Meezan’s Sahulat Sarmayakari Account opening form. Here are the steps to open an online investment account.
All the above procedures shall be communicated through SMS / Email during the process.
You have to be registered with our Member Service Area from where you can create a reference ID for new investment. Please refer to the guidelines for Online Investments.
Click here if not registered to Member Service Area. If already registered User: Logon to Al Meezan’s Member Services Area, click here to login.
To begin, register yourself to Al Meezan’s Member service Area, click here for registration. If already registered User: Logon to Al Meezan’s Member Services Area, click here to login.
You have to generate a reference number from Al Meezan’s Member Service Area by selecting investment amount and Fund name and then login to Internet Banking of your respective bank for investments under Bill Payment feature. The payments are made through your respective Bank account (maintained in Pakistan) either through Internet banking or ATM option.
Currently there is no investment limit, however the limit criteria varies from product to product and Internet Banking or ATM services of your bank’s account.
However, in case of Sahulat Sarmayakari Account, the maximum investment limit at any point in time and total investment amount during the year should not exceed Rs. 100,000/- with per transaction limit restricted to Rs. 25,000/-.
Once the payment is made from your bank account, confirmation of investment request will be sent through SMS. Acknowledgment of Investment and Statement of Account will be emailed to you within 2-3 working days after the materialization of the amount.
The settlement of the transaction is based on the cutoff timings of the Fund. (Please refer to the offering documents for the payment execution timelines)
NAV will be applied after confirmation of fund transfers from registered Meezan Roshan digital account within the cut-off time.
For latest cut-off timings please refer to our website www.almeezangroup.com.
You can directly file redemptions / conversions through digital channels of Meezan bank and Al Meezan Investments.
Payment against redemptions shall be credited into your registered Meezan Roshan Digital Account.
Yes, request for Al Meezan’s Digital account opening can be initiated anytime. However, the transaction execution at Al Meezan’s end is based on the Cut-off timings of the respective product during business hours.
For latest cut-off timings please refer to our website www.almeezangroup.com
MFTF is a Sharia compliant scheme introduced by Al-Meezan Investments as per SECP’s Circular No.3 of 2022, dated Feb 10, 2022. In this Fund investors will be given the opportunity to invest & lock investment proceeds for a predetermined period of time at a certain expected rate of return.
However, a contingent load will apply in case investment is redeemed prior to Initial Maturity, which may significantly lower their return and may also result in erosion of their principle amount.
Initially there will be two allocation plans, they are called:
The Initial Maturity of Meezan Paaidaar Munafa Plan-I (MPMP-I) shall be 3 months from close of subscription, while that for Meezan Paaidaar Munafa Plan-II (MPMP-II) it shall be 6 months from close of subscription.
It is expected, that when these plans will be rolled-over, they may have the same subsequent initial maturities.
The Fund category is Fixed Rate/ Return Scheme with low risk profile & low risk of principal erosion.
However, it must be noted that the low risk of principal erosion only applies if investment is held till Initial Maturity.
The benchmarks of the two plans are as follows:
For MPMP-I: Three (3) months average deposit rates of three (3) AA rated scheduled Islamic Banks or Islamic Banking Windows as Selected by MUFAP at the time of plan launch. For MPMP-II: Six (6) months average deposit rates of three (3) AA rated scheduled Islamic Banks or Islamic Banking Windows as Selected by MUFAP at the time of plan launch.
