Sovereign Sukuk great for Meezan’s fortunes

Meezan Bank had a huge influx of funds this year and Muhammad Asad, executive vice president and chief investment officer of Al Meezan Investment Management, stated that it is because of the Government of Pakistan's Sukuk program, which has enjoyed enormous local demand. He added that the sukuk enjoyed high levels of demand because it is tradable and offers competitive returns to the investors.
At this point Al Meezan is Pakistan's largest private sector asset management company.

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