Shariah Compliance - Al Meezan Investment Management Limited
Al Meezan Investments

Shariah Compliance

We take pride to be the only asset management company in Pakistan with a sole mandate to provide Shariah compliant investment solutions to our investors. To achieve this objective, we invest in high quality Shariah compliant securities that are selected as per the guidelines laid down by the Shariah Advisor.

For details on Shariah compliance methodology and criteria, please Click Here

Shariah Advisor

We are very particular about providing Halal and Riba-Free investment opportunities. For all our operations and investments; we draw guidance on matters related to Shariah from the Shariah Supervisory Board of Meezan Bank Limited which comprises of the following eminent and learned Islamic scholars:

Justice (Retd.) Mufti Muhammad Taqi Usmani

Chairman

Dr. Imran Ashraf Usmani

Shariah Advisor

Sheikh Essam M. Ishaq

Member

The Functions

The primary role of the Shariah Advisor is to ensure compliance with Islamic Shariah principles which includes:

Selection of Investment Instruments

The Shariah Board determines and regularly monitors...

The Shariah Board determines and regularly monitors the Shariah Compliance criteria for the selection of companies or instruments in which the various funds of Al Meezan may invest.
Monitoring of Investment Management

The Shariah Board ensures that...

The Shariah Board ensures that the fund’s investment activities are in accordance with the Islamic guidelines through the performance of annual Shariah audits.
Portfolio Purification

Funds may invest in securities that generate Shariah non-compliant income...

Funds may invest in securities that generate Shariah non-compliant income, which is diligently purified by the Investment Company. The entire purification process is determined, monitored and completed under the able and expert guidance of the Shariah advisor.
Information Reporting

The Shariah Advisor also prepares annual Shariah Audit and Review Reports...

The Shariah Advisor also prepares annual Shariah Audit and Review Reports pertaining to the Shariah compliance of the Fund’s activities. This report forms the integral part of the Fund’s annual Financial Statements.

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