July 4th, 2023
Al Meezan Investment Management Limited, has been onboarded by 1LINK (Pvt.) Ltd. as an Affiliate member through M/s Meezan Bank Limited as its settlement bank. This collaboration will enable Al Meezan’s investors to conveniently manage digital payments through 1IBFT, 1BILL and will host other services using their portal & mobile application.
Present at the ceremony were Mr. Mohammad Shoaib, CEO – Al Meezan Investments with his team, Mr. Shariq Mubeen, Chief Digital Officer – Meezan Bank Limited, Mr. Najeeb Agrawalla, CEO 1LINK and Mr. Umer Ansari, Head of Business Development 1LINK.
Mr. Najeeb Agrawalla commented, “The fact that financial services are keeping up with the rapid rate of technological innovation is positive. By providing smooth, interoperable payment solutions and digital services, 1LINK aims to facilitate the flow of transactions among economic agents. We are happy to provide Al Meezan Investment our dependable and expandable line of services and we wish them success.”
Mr. Mohammad Shoaib added, “I am extremely pleased with this collaboration; it is a key milestone in our digital transformation journey bringing us a step closer to our goal of promoting rate of savings in our country and improving user experience. This initiative will enable investors to use their mutual fund account just like a bank account for payments, eliminating the need to move proceeds first to their bank accounts before using it for their day-to-day financial transactions.”
Mr. Shariq Mubeen added, “Meezan Bank is happy to collaborate with Al-Meezan Investment Management and 1LINK to enable real time digital payments for the investors to provide them with the same convenience as regular banking customers. We believe it will go a long way in boosting the confidence and trust of investors and help grow the culture of investments in the country.”
About Al Meezan Investment (Pvt.) Ltd
As the Largest Fund Manager in Pakistan with 23 branches in 13 major cities of Pakistan, Al Meezan manages nineteen mutual funds ranging from equity, balanced, asset allocation, fixed income, money market, capital preservation, fund of fund, commodity, exchange traded fund, index tracker, fixed term fund and voluntary pension schemes. Depending on every investor’s needs, we provide expert guidance to help achieve their financial objectives. The highest management quality rating of AM1 awarded by VIS & PACRA, we offer a comprehensive range of Shariah compliant investment solutions.
About 1LINK
1LINK (Pvt) Limited, owned by a consortium of 11 banks, is the country’s 1st PSO/PSP and largest switch and payment system, providing a host of valuable online banking services like ATM switching, 1BILL, Inter Bank Funds Transfer, Fraud Risk Management, Switch Dispute Resolution, International Payment Schemes, PayPak – Domestic Payment Scheme etc. 1LINK is continuously evolving and adding new products and services to benefit the financial industry. For more information, please visit: https://1link.net.pk/
