Meezan Islamic Fund approves interim payout

Meezan Islamic Income Fund (MIIF) has approved interim distribution for the year ended June 30, 2014. The management company based on net asset value per unit of June 23, 2014 ha approved interim payout of Rs 1.002 percent per unit at par value of Rs 50 for the year ending June 30, 2014. This is in addition to interim payout by the Fund of Rs 4.78 per unit at par value of Rs 50.
The unit holders holding income units will receive cash dividend while unit holders holding growth units will be allocated bonus units in accordance with their entitlement. The above entitlement will be paid to the unit holders whose names appear in the register of unit holders as at the close of business on June 23, 2014.