KARACHI: Al Meezan Investment Management Limited, Pakistan’s largest fund manager with Assets Under Management of over Rs 295 billion including discretionary portfolios has partnered with easypaisa, Pakistan’s leading digital financial services platform, that will enable easypaisa customers to invest in Al Meezan’s Shariah Compliant Money Market mutual fund through a seamless one click on boarding process.

The signing ceremony recently took place at Al Meezan’s Karachi Head Office, between Mohammad Shoaib, CFA – CEO Al Meezan Investments and M Mudassar Aqil, CEO, Telenor Microfinance Bank/easypaisa. The ceremony was also attended by senior members of both organizations.

On the occasion, Mohammad Shoaib stated that “this strategic partnership will pave way for much needed financial inclusion in the country. Through the mini app integration easypaisa customers will be able to invest and redeem 24/7 in our savings plan. The instant liquidity facility via a mobile phone will be first-of-a-kind in the mutual fund industry of Pakistan.”

Commenting on the partnership, M. Mudassar Aqil, CEO Telenor Microfinance Bank/ easypaisa, said, “We are thrilled to embark on our collaboration with Al Meezan Investment Management to introduce innovative investment opportunities to millions of Pakistanis.”

Copyright Business Recorder, 2023