Al Meezan's AUM cross Rs 25 billion mark

Al Meezan Investment Management Ltd, the largest Shariah compliant asset management company in Pakistan has achieved another milestone of having Rs 25 billion assets under management. "In year 2003, when we launched our first open end fund - Meezan Islamic Fund, total assets under management of Al Meezan were rupees one billion. Over next four years, we increased our AUMs to Rs 10 billion.
In the next three years, which has been a very turbulent period for capital markets in Pakistan, we have crossed Rs 25 billion mark. It makes Al Meezan the largest asset management company in the private sector." said Chief Executive of Al Meezan Mohammad Shoaib, CFA. He added that every crisis brings with it an opportunity and management team of Al Meezan has fully capitalised on this opportunity.-PR