Al Meezan debuts sharia-compliant capital-protected fund in Pakistan

Pakistani asset management firm Al Meezan Investments and Meezan Bank have launched the Meezan Capital Protected Fund-1 (MCPF-1), Pakistan's first sharia-compliant capital-protected fund.

The three-year and six-week mutual fund, which is 100% principal protected, places a portion of the initial investment, estimated at 75-80%, with Meezan Bank through a Murabaha structure for three years, while the remaining amount, 20-25%, will be invested in sharia-compliant equities. The fund is aiming to a

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