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Dear Investor,
We are pleased to inform you that in continuation with our endeavor to provide best
investment management services, we have successfully launched a call center wit h a
toll free number 0800-HALAL (0800-42525). It is a very easy number to remember and
also in line with our business philosophy. This facility allows all our existing and
prospective investors to make a free of cost call from any where in Pakistan and our
trained and courteous staff will give prompt answers to your queries.
Pakistans first Shariah compliant income fund, Meezan Islamic Income Fund (MIIF)
completed its first year of operation on January 14, 2008. After one year operation MIIF
annualized rate of return is 9.4% to the investors . The fund size has increased from Rs.
998 million to Rs. 7,331 million depicting a 635% growth in the fund size. In order to
communicate this great achievement, we have undertaken a massive campaign on the
leading newspapers and magazines. The campaign has generated a lot of interest in
both individual and corporate investors.
A detailed Fund Managers Report for the month of January 2008 is enclosed for your
review and record. The fund sizes of MIF and MIIF as on January 31, 2008 stood at:
We are optimistic that with your continued support and patronage we will continue to be
the largest Shariah compliant asset management company in Pakistan providing the
best investment management services to all our investors.
Yours truly,
Sohail Yaqoob
SVP & Head of Marketing
____________________________________________________________________________
Ground Floor, Block B, Finance & Trade Centre, Shahrah-e-Faisal, Karachi 74400, Pakistan.
UAN: (92-21)111-633-926 (111-MEEZAN) Fax: (92-21) 5630808, Toll Free: 0800 -HALAL (0800 -42525)
E-mail: info@almeezangroup.com Web Site: www.almeezangroup.com
Fund Managers Report
3-Jan
5-Jan
7-Jan
9-Jan
11-Jan
13-Jan
15-Jan
17-Jan
19-Jan
21-Jan
23-Jan
25-Jan
27-Jan
29-Jan
31-Jan
Indonesia -4.3% 23%
Japan -11.2% -25%
South Korea -14% -7%
Taiwan -11.6% -15%
NET ASSETS POSITION Malaysia -3.6% 3%
Net Assets under management reached PKR 5 ,238 million at the end of the month of Australia -11.3% -10%
January 200 8. The NAV during the month was up 0.29%, while the bench mark Dow Pakistan -0.4% 2%
Jones Islamic Index Pakistan (DJIMPK) was up 1.57 %. The KSE 100 index during the
European Markets
same period was down 0.42%
London (UK) -8.9% -11%
Germany -15.1% -14%
Dec '07 Jan ' 08 MoM Change France -13.3% -20%
Net Assets (PKR mn) 4,633 5,238 13.06% Middle East
NAV Per Unit (PKR) 63.04 63.22 0.29% UAE -8.5% 25%
KSE-100 Index Saudi Arabia -13.4% 39%
14,077 14,017 -0.42%
DJIMPK 18,015 18,298 1.57%
Disclaimer
This report has been prepared by Al Meezan Investment Management Limited for information purposes only. Reasonable care has been taken in the
preparation of the report. However, Al Meezan Investment Management Limited nor any of its employees or affiliated entities take any responsibility for
any loss that may be incurred by any user of this report.
Fund Managers Report January, 2008
During the month net assets of the fund has crossed PKR 7
Fund Assets:
billion mark and closed the month at PKR 7.33 billion, an
increase of 8.1 9% over previous month. T he fund comprises Dec-07 Jan-08 Change
of Shariah compliant spread transactions, Sukuk & other Net assets (PKRmn) 6,776 7,331 8.19%
Islamic fixed income instruments. The fund has provided NAV per unit (PKR) 52.21 52.60 0.75%
annualized return of 9.4% since inception.
Muhammad Asad
SVP & Head of Investments