Press Release

JCR-VIS Finalizes Fund Stability Rating of Meezan Cash Fund at AA(f)

Karachi, June 18, 2009: JCR-VIS Credit Rating Company Limited has finalized the fund stability rating (FSR) of ‘AA(f)’ (Double A (f)) assigned to Meezan Cash Fund (MCF). The rating has been finalized following a review of the final trust deed and offering document.

Managed by Al-Meezan Investment Management Limited, MCF is structured as a Shariah compliant open end money market scheme. Risk profile of the fund will be managed by investing in ‘AA’ and above rated instruments and counterparties. The maximum time to maturity of any single exposure may not exceed 6 months while the weighted average time to maturity of the fund will be 90 days.

For further information on this rating announcement, please contact Ms. Sabeen Saleem (Ext: 510) or Ms. Sobia Maqbool (Ext: 506) at 5311861-70 or fax to 5311872-3.



Faheem Ahmad
President & CEO

Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited (VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. VIS, the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report. VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright June 18, 2009 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.