Income/Money Market Funds

Meezan Islamic Income Fund

Meezan Islamic Income Fund

Investment Objective

Meezan Islamic Income Fund’s object is to provide investors with a high and stable rate of current income consistent with long term preservation of capital in a Shariah Compliant way. A secondary objective is to take advantage of opportunities to realize capital appreciation.

Investment Strategy

The Fund shall keep an exposure in short-term instruments for the purpose of maintaining liquidity and to capitalize on exceptional returns if available at any given point in time. The portfolio shall be geared towards maximizing annual income to the extent consistent with preservation of capital. The portfolio shall comprise of short-term, medium-term and long-term investments.

Benefits at a Glance

  • It may provide diversification opportunity when added to a hybrid investment portfolio thus resulting in lower risk and healthy return on your investment
  • Professional Management of your savings by experienced fund managers with a proven track record
  • Under the supervision of a reputable Shariah Advisor; Dr. Imran Ashraf Usmani

Choose this Fund If You Are Seeking

  • Protection of investments from stock market volatility, while providing diversification to the overall investment portfolio
  • Long term regular income solution

Fund Facts

Fund Type

Open End

Fund Category


Launch Date

15th Jan, 2007

Fund Size

15.90 Bn

as on April 30th, 2024


6 Months

average deposit rates of three (3) A rated scheduled Islamic Banks or Islamic windows of conventional bank as selected by MUFAP

Risk Profile


Unit Types

A, B and C

Management Fee

Up to 10%

of Gross Earnings (min. 0.25% of avg. annual net assets max. 1.5% of avg. annual net assets)

Actual Rate of Management Fee


of net assets

Front End Load


Bank End Load

Contingent Load

for Type C investors



Central Depository Company Pakistan Limited



Pakistan Stock Exchange

Fund Manager

Faizan Saleem

Asset Manager Rating


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Fund Performance

FY23 FY22 FY21 FY20 FY19 FY18 FY17 FY16 FY15
MIIF 14.86% 8.63% 6.64% 11.57% 7.92% 4.26% 5.09% 5.76% 8.15%
Benchmark 6.06% 3.34% 3.56% 6.33% 3.69% 2.44% 2.78% 3.49% 5.04%