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Islamic Finance Briefing - Categorized | Funds, Performance more

Meezan Funds announces dividend of Rs 3,850 mln

Posted on 12 July 2012

Al Meezan Investment Management Ltd (Al Meezan) declared final dividend for its four open end funds Meezan Islamic Fund (MIF), Al Meezan Mutual Fund (AMMF), Meezan Islamic Income Fund (MIIF) and Meezan Capital Protected Fund-II (MCPF-II) for the period ending June 30, 2012 while for KSE Meezan Index Fund (KMIF), no payout was announced.
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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