Headline: Pakistan Stock Exchange Celebrates Listing of Mahaana Islamic Index ETF
In a vibrant ceremony hosted at the Pakistan Stock Exchange (PSX), the listing of the Mahaana Islamic Index Exchange Traded Fund (MIIETF) was celebrated with notable dignitaries in attendance. Among the distinguished guests were Mr. Akif Saeed, Chairman of the Securities and Exchange Commission of Pakistan (SECP), and His Excellency Mr. Henrik Persson, the Ambassador of Sweden to Pakistan. Also present were key figures including Muhammad Shamoon Tariq, CFA, FDP, CEO of Mahaana Wealth Limited, and Mr. Farrukh H Khan, Managing Director of PSX.
The MIIETF, managed by Mahaana Wealth Limited, aims to track the performance of the Mahaana Islamic Index (MII30), offering investors the opportunity for long-term appreciation and dividend yield. By investing in the top 30 Shariah-compliant companies, the ETF aligns with PSX’s strategic objectives of innovation, technological accessibility, and the development of Islamic capital markets.
The gong ceremony symbolizing the listing of MIIETF signifies a significant milestone for Mahaana Wealth Limited. Expressing gratitude, special acknowledgment was extended to the chief guests, H.E. Mr. Henrik Persson, Swedish Ambassador to Pakistan, and Mr. Akif Saeed, Chairman of SECP, for gracing the occasion.
MIIETF presents investors with a Shariah-compliant avenue to access the top 30 Islamic stocks listed on PSX, all at a minimal cost, further enriching the diversity of investment options available in the market.
