Meezan Funds Online
Financial Calculators

Money Market Funds

Meezan Islamic Asaan Cash Fund (MIACF)

Investment Objective

To seek maximum possible preservation of capital and a reasonable rate of return via investing primarily in liquid Shariah compliant money market securities.

Investment Strategy

The Fund shall primarily invests in Shariah Compliant Authorized Investments. It shall be subject to such exposure limits as are specified in the Rules, the Regulations and directives issued by SECP from time to time.

Benefits at a Glance

  • Maximum preservation of principal investment resulting in lower risk
  • Professional Management of your savings by experienced fund managers with a proven track record
  • Under the supervision of a reputable Shariah Advisor; Dr. Muhammad Imran Ashraf Usmani

Choose this Fund If You Are Seeking

  • Maximum preservation of principal investment resulting in lower risk
  • Stable and Halal returns
  • Parking avenue for short-term funds

Fund Facts

Fund Type

Open End

Fund Category

Money Market

Launch Date

28th Jan, 2026

Fund Size

51.94 Bn

as on May 31st, 2026

Benchmark

90% three (3) months PKISRV rates + 10% three (3) months average of the highest rates on saving account of three (3) AA rated scheduled Islamic Banks or Islamic windows of Conventional Banks as selected by MUFAP

Risk Profile

Low

Unit Types

Growth

Management Fee

Up to 1.25%

Actual Rate of Management Fee

1%

Front End Load

Nil

Back End Load

Nil

Trustee

CDC

Central Depository Company Pakistan Limited

Listing

PSX

Pakistan Stock Exchange

Fund Manager

Faizan Saleem

Asset Manager Rating

AM1

by VIS & PACRA

Initial / Subsequent Investment

Rs. 5,000 / Rs. 1,000

Open Your Digital Account
Open your ‘Investment Account’ wherever you are, whenever you want!
Open Your Digital Account
FAQs
Term sheet
Offering Document
Fatwah

Note:
I. Investments shall be made as per the authorized investment limits given above and may include the following mode of Shariah Transaction such as; principles of Bai’-Mu’ajjal, Bai’-Mussawwama, Bai’-Salam, Istisna’a, Mudaraba, Murabaha and Musharakah or any other structure as approved by the Shariah Advisor from time to time.
II. Weighted average time to maturity of the Scheme shall not exceed 90 days.
III. The Fund may invest in Shariah Compliant Government Debt Securities, raised and traded through PSX, with maturity not exceeding one year.

Note: This relaxation for extended maturity period is granted by SECP vide Direction No 17 of 2023 and is applicable till December 05, 2024 which may be extended from time to time by SECP through notification.
The respective monthly fund manager report shall include the disclosure of the actual exposure in above referred Shariah Compliant Government Securities with a maturity exceeding six months and up to one year, calculated as a percentage of Net Assets

IV. Time to maturity of any asset shall not exceed six months.

Fund Performance

FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17 FY16 FY15
MCF 13.34% 21.22% 16.11% 9.00% 5.81% 10.95% 7.84% 4.27% 6.07% 4.59% 7.46%
Benchmark 9.93% 10.28% 6.23% 3.68% 3.41% 5.37% 3.37% 2.58% 2.90% 4.49% 6.24%