The “Meezan Paaidaar Munafa Plan-I “(MPMP-I)” is an allocation plan under “Meezan Fixed Term Fund” with an objective to provide investors with a competitive rate of return, for fixed tenure by investing primarily in Shariah Compliant TDRs and money market placements/ Instruments for a specific duration.
The allocation plans under this Fund shall primarily invest in Islamic government securities, cash in bank accounts, money market placements, deposits, certificate of deposits (COD), certificate of Musharakas (COM) and TDRs, as per their respective authorized investible avenues, and as approved by SECP & Shariah Advisor. The allocation plans under this Fund shall be subject to such exposure limits as are specified in the Rules, the Regulations and directives issued by SECP from time to time. The Scheme shall make investments in such a manner that the original amount of investment is protected at maturity/ Initial Maturity while having the potential to yield fixed rate/return.
|Authorized Investments||Entity/Instruments Rating||Maximum Exposure||Minimum Exposure|
|A. Shariah Compliant GOP Issued/guaranteed Securities.||N/A||100%||0%|
|B. Cash at Bank (excluding TDRs) with licensed Islamic Banks or Islamic Branches/Windows of Conventional Banks, Shariah Compliant Government Securities including GoP Ijarah Sukuk not exceeding 90 days maturity.||AA||100%||0%|
|C. Shariah compliant placements with maturity not exceeding three (3) months, including but not limited to Bank deposits with licensed Islamic banks and/or Islamic branches/windows of Conventional banks & DFI’s.||AA||100%||0%|
|D. Shariah compliant placements with maturity not exceeding three (3) months, including but not limited to placement of funds with Islamic Microfinance Banks, NBFC’s and Modarabas.||AA||25%||0%|