FINAL REPORT FOR

PROGRAM : MBA-Weekend
SUBJECT : Treasury and Funds Managements
SUBMITTED TO : Sir. Faisal Sarwar
SUBMITTED BY : GROUP: J
NAMES : ID
IRFAN : 4384
IMRAN HASSAN : 4401
S. Jamal Zafar
: 4371
Zaidi
Burhan-ul-Haq : 4380

KHADIM ALI SHAH BUKHARI INSTITUTE OF

TECHNOLOGY
 ACKNOWLEDGEMENT

We would like to acknowledge and extend our heartfelt gratitude to the

following persons who have made the completion of this assignment
possible:

o Fist of all to my GOD who gives me the knowledge.

o Our Teacher, Mr. Faisal Sarwar, for his vital encouragement and
support.
o Our classmates, especially to our Group members, who support
us.
o Most especially to our family and friends who made all things
possible to us.

Group Leader
IRFAN
Group: J

MEMBERS NAME IDS

IRFAN : 4384

IMRAN HASSAN : 4401

SYED JAMAL ZAFAR ZAIDI : 4371

BURHAN-UL-HAQ : 4380
MBA-WEEKEND (BATCH-11)
INTRODUCTION:

We, Al Meezan Investment Management Limited (Al Meezan), are a

joint venture of Meezan Bank (MBL) and Pak Kuwait Investment
Company (PKIC), dedicated to providing Shariah compliant investment
solutions. We specialize in investment management, specifically
developing, floating and managing both open and closed end mutual
funds, investment advisory and the discretionary management of
institutional as well as high net worth individuals (HNW) portfolios.

We are registered with Securities and Exchange Commission of

Pakistan (SECP) and are regulated under the Non-Banking Finance
Companies (NBFC) Rules 2003 and NBFC Entities Regulations 2007.
We are licensed to provide investment advisory, asset management
and investment finance services.
 1. HOW MANY FUNDS ( EQUITY, MONEY & ISLAMIC):

06 (Six)

2. EACH FUND NAMES (EQUITY, MONEY & ISLAMIC):

1. Meezan Islamic Fund.

2. Meezan Islamic Income Fund.

3. Meezan capital Protected Fund

4. Meezan Cash Fund.

5. Meezan Sovereign Fund.

6. Meezan Tahaffuz Pension Fund.

3. WHAT IS THE NAV OF EACH FUNDS:

1. Meezan Islamic Fund. 6,035 Million as on June 30,

2008
2. Meezan Islamic Income
Fund. 5,737 Million as on June 30,
2008

4.HOW MUCH CAPITAL FOR EACH FUND:

Investment can be start with Minimum Rs. 5,000/-and then Invest at Regular
Intervals with Subsequent Investment Amount as Low as Rs. 1,000/-

5.WHAT IS THE RATIO / VALUE OF ASSET CAPITAL ALLOCATION:

6.CEO & FUND MANAGER NAME

 Muhammad Asad, (Chief Investment Officer)

7.HOW MUCH ANNUAL RETURN

Final Dividend Total dividend for Total Dividend as a % Total return for
Funds
per Unit FY10 of opening NAV FY10
Meezan Islamic Fund 9.00 9.00 25.51% 30.86%
Meezan Islamic Income Fund 1.25 3.135 6.25% 7.31%
Meezan Cash Fund 1.69 4.94 9.88% 10.10%
Meezan Sovereign Fund* 1.80 1.80 3.60% 9.69%
Meezan Capital Protected
6.05 6.05 12.15% 14.07%
Fund - I

8.HOW MUCH EACH YR DIVIDEND

1. Meezan Islamic Fund. Rs.
10.00 / -
2. Meezan Islamic Income Fund.
Rs.
4.60/-

9. HOW MUCH MANAGEMENT FEES

MANAGEMENT FEE FOR AL-MEEZAN FUND IS

2%

1 HOW MUCH FEES FOR FRONT END & BACK END FEES
0.

Frontend Load vary ranging from Nil – 3% for each fund

BackEnd load vary ranging from Nil – 01% for each fund
 1 HOW MANY OPEN END & CLOSED END FUNDS
1.

Open End Funds

Meezan Islamic Fund
Meezan Islamic Income Fund
Meezan Capital Protected Fund
Meezan Cash Fund
Meezan Sovereign Fund

Pension Fund
Meezan Tahaffuz Pension Fund

Closed End Funds

Al Meezan Mutual Fund
Meezan Balanced Fund
 1 ETC.
2.

SHARIAH SCREENING CRITERIA (FOR EQUITY SECURITIES)

Shariah compliance of stocks is done under the guidance of qualified

and reputed Shariah experts. For stocks to be “Shariah compliant”, it
must meet ALL the six key tests given below.

Business of the Investee Company

Core business of the company must be halal and in line with the
dictates of Shariah. Hence, investment in securities of any company
dealing in conventional banking, conventional insurance, alcoholic
drinks, tobacco, pork production, arms manufacturing, pornography or
related activities is not permissible.

Debt to Total Assets

Debt to Asset ratio should be less than 40%. Debt, in this case, is
classified as any interest bearing debts. Zero coupon bonds and
preference shares are, both, by definition, part of debt.

Non-compliant Investments to Total Assets

The ratio of non compliant investments to total assets should be less
than 33%. Investment in any non-compliant security shall be included
for the calculation of this ratio.

Non-complaint Income to Total revenue – Purification of Non-

compliant income
The ratio of non compliant income to total revenue should be less than
5%. Total revenue includes Gross revenue plus any other income
earned by the company. This amount is cleansed out as charity as a
pro rata ratio of dividends issued by the company.

Illiquid Assets to Total Assets

The ratio of illiquid assets to total assets should be at least 20%.
Illiquid asset, here, is defined as any asset that that Shariah permits to
be traded at value other than the par.

Net Liquid Assets to Share Price

The market price per share should be greater than the net liquid assets
per share calculated as: (Total Assets – Illiquid Assets – Total Liabilities)
divided by number of shares.
VALUE ADDED SERVICES
Our investors are invaluable for us. At Al Meezan, we strive to understand
your goals. Your values and your needs, for this is the best investment of
our expertise and time. Our support for you comes in many ways’

Investor account services

Our courteous and professional trained team of investor account services
officers is always ready to satisfy our investors queries.

Customer Services
Our customer services professionals are dedicated to strengthen the
relationship with our investors by efficiently resolving any complaints or
queries forwarded to us. You can send an inquiry or lodge a complaint by
simply emailing us at info@almeezangroup.com.

Call centre
Keeping in view the importance of customer support and improving
relationship with the customers, we have provided a call centre facility
with a toll free number 0800-HALAL (42525). This allows our customers to
make free of cost call from any where in Pakistan to get prompt response
to their queries around the clock.

Online Access
You can get updated information about us and our funds from our
website: www.almeezangroup.com. You can also get web based access to
your investment account by filling up an interactive form available at our
website or by sending an email request.

SMS Alert
Our SMS alert service keeps you updated about Offer and Redemption
prices of the open end funds and any other relevant announcements. To
subscribe, you just need to fill and submit SMS alert form available at our
website or at any of our offices or selected branches of Meezan Bank.

Email Services
We send announcements, monthly fund manager reports and latest prices
of our family of funds through email to all our existing and prospective
investors; You can register for this service by visiting our website.

Fund Manager’s Report

We send monthly fund manager’s report to our investors as per their
instructions provided through FMR subscription form i.e., via email or
courier. This report provides you an overview of the performance of the
funds during the month along-with future investment outlook.
Internet Banking
Coming Shortly

ATM Services
Coming Shortly