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Islamic Finance Briefing - Categorized | Funds, Performance more

Total dividend of Rs 3,850 mln declared for Meezan funds

Posted on 11 July 2012

The Board of Directors of Al Meezan Investment Management Ltd. (Al Meezan) in its meeting held on July 09, 2012 declared final dividend for its four open-end funds for the period ending June 30, 2012 ie, Meezan Islamic Fund (MIF), Al Meezan Mutual Fund (AMMF), Meezan Islamic Income Fund (MIIF) and Meezan Capital Protected Fund-II (MCPF-II) while for KSE Meezan Index Fund (KMIF), no payout was announced.
For fiscal year 2012, the total amount of final dividends declared worth over Rs 1,247 million. Interim payouts that were made during the year for open-end funds amounted to Rs 2,603 million thus taking the total dividend distribution for all funds to over Rs 3,850 million for the fiscal year 2012………………………………………..Full Article: Source

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