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AlHuda Centre of Islamic Banking and Economics (AlHuda-CIBE)
again showed their strength by organizing the "4th International Conference and Exhibition on Islamic Banking and Takaful" on November 02, 2010 at Expo Centre, Lahore, Pakistan. A long awaited event which brought together the scholars and practitioners from all over the globe on platform on one day was organized in the most difficult time of the current period....
 
Exclusive Report "4th International Conference and Exhibition on Islamic Banking and Takaful"
 
 
 
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Al Meezan announces interim dividend for MIIF, MCF, MSF
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Al Meezan Investment Management Limited (Al Meezan) is pleased to announce the first interim dividends for its three fixed income funds: Meezan Islamic Income Fund (MIIF) - Rs 1.50 per unit, Meezan Cash Fund (MCF) - Rs 1.225 per unit and Meezan Sovereign Fund (MSF) - Rs 1.25 per unit. Fund, Dividend (Rs), % of par value of Rs 50/-, Meezan Islamic Income Fund (MIIF), 1.50, 3%, Meezan Cash Fund (MCF), 1.225, 2.45%, Meezan Sovereign Fund (MSF), 1.25, 2.5%.

The payouts are in the form of Bonus Units to the Growth Unit holders and Cash Dividend to the Income Unit holders. A Growth Unit holder having 100 units of MIIF as at September 29, 2010 will get 2.9499 additional units at the ex-div. NAV of Rs 50.85 while an Income Unit holder will get Cash Dividend of Rs 1.50 per unit.

 

 
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