Karachi: Al Meezan Investment Management Limited has announced its financial results for the quarter ended September 30, 2026, revealing that no interim distributions were made across the majority of its managed funds during this period. This announcement was made following the Board of Directors meeting held on October 09, 2026.
The company's report, dated October 9, 2026, detailed the financial outcomes for a range of funds, indicating a consistent decision of nil interim distributions across 19 of the 21 funds under its management. Notably, the Meezan Rozana Amdani Fund and Meezan Daily Income Fund made daily distributions during the quarter, in line with their respective offering documents.
According to information available from the Pakistan Stock Exchange (PSX), the period marked significant financial movements for the Meezan Islamic Fund. The fund's assets declined from 71.23 billion rupees as of June 30, 2026, to 62.17 billion rupees by September 30, 2026, while the liabilities decreased from 797.58 million rupees to 637.35 million rupees in the same timeframe. This resulted in net assets of 61.54 billion rupees by the end of the quarter.
The interim income statement for the Meezan Islamic Fund reports a net loss of 5.10 billion rupees for the quarter ended September 30, 2026, a significant move compared to a net income of 13.57 billion rupees recorded in the corresponding quarter of the previous year. This loss was primarily attributed to a substantial unrealised diminution on the re-measurement of investments classified as 'financial assets at fair value through profit or loss'.
Despite the challenging quarter, Al Meezan Investment Management Limited continues to manage a diverse portfolio, committed to adhering to Shariah-compliant investment principles while navigating market volatilities. The detailed reports of the funds under its management are set to be transmitted to the PSX and uploaded on the company's website within the specified timeframe, ensuring transparency and accessibility for investors and stakeholders.