Open-end Shariah Compliant Equity ETF
Mubashir Zuberi, CFA
Investment objective is to provide competitive equity market returns with maximum tracking of broader Islamic index at lowest possible costs.
Mahaana Islamic Index
Up to 1% of average net assets during the month
BDO Ebrahim & Co.
MIIETF is a Shariah-compliant equity index fund that primarily invests in the top 30, free float weighted Islamic stocks that have an annual average turnover of more than PKR 10 million. MIIETF provides investors the long term benefits of equity markets.