Karachi: The Mahaana Islamic Index Exchange Traded Fund (MIIETF) initiated the process of rebalancing its portfolio on June 23, 2025, following the recent recomposition of the Mahaana Islamic Index. The changes, in compliance with section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the Pakistan Stock Exchange (PSX) Regulation, were effective from June 10, 2025. The ETF's offering document also outlines these adjustments.

The rebalancing process is underway, and the indicative net asset value (iNAV) will continue to be disseminated based on the previous basket until the portfolio adjustments are completed. This move is expected to align the ETF's holdings with the newly recomposed index. The ETF management will notify the exchange once the rebalancing is finalized, ensuring transparency and compliance with regulatory requirements.

According to information available from the Pakistan Stock Exchange (PSX), the rebalancing of the Mahaana Islamic Index ETF is a routine process following the recomposition of the index. The TRE Certificate Holders of the Exchange have been informed of the ongoing adjustments. This step is crucial to maintain the ETF's alignment with its benchmark index, which guides its investment strategy and asset allocation.

The designated market category for this development is the Mahaana Islamic Index ETF, which caters to investors seeking Shariah-compliant investment opportunities. The rebalancing process is a common practice in the management of ETFs, ensuring that the fund's holdings accurately reflect the performance of the underlying index.