Karachi: Al Meezan Investment Management Limited has reported robust financial results for the fiscal year ended June 30, 2024, demonstrating strong growth and resilience in volatile market conditions. According to information available from the Pakistan Stock Exchange (PSX), the company's Meezan Tahaffuz Pension Fund (MTPF) saw significant increases in net income across all its sub-funds, with the equity sub-fund leading the gains.

The equity sub-fund posted a total net income of Rs. 2,293 million, a significant rise from Rs. 122 million in the previous year, driven by a mix of realized and unrealized gains totaling Rs. 2,179 million. The debt sub-fund also saw an uptick, recording a net income of Rs. 1,181 million, up from Rs. 758 million the prior year, primarily due to profits on Sukuks certificates. The money market sub-fund followed suit, doubling its net income from Rs. 952 million to Rs. 2,182 million.

On the other hand, the gold sub-fund experienced a decrease in total income, down from Rs. 94 million to Rs. 35 million. Despite the lower income, the sub-fund managed a positive net income of Rs. 24 million, showing resilience amidst market fluctuations.

Total assets under management also saw substantial growth. The equity sub-fund's assets grew from Rs. 3,458 million to Rs. 5,267 million, and the debt sub-fund's assets increased from Rs. 5,252 million to Rs. 6,846 million. The most notable growth was observed in the money market sub-fund, where assets skyrocketed from Rs. 8,031 million to Rs. 12,046 million. The gold sub-fund's assets grew modestly from Rs. 94 million to Rs. 471 million.

Al Meezan's commitment to Shariah-compliant investment practices continues to attract investors looking for ethical investment opportunities. The company's comprehensive risk management strategies and adherence to stringent security standards, certified under ISO/IEC 27001:2022, ensure stable returns and safeguard investor interests even in challenging market conditions.