UBL Pakistan Enterprise ETF
Price
Rs39.88
YTD
+18.50%
Expense
1.50%
Yield
2.43%
MIIET
MIIETF PSX
Mahaana Islamic Index ETF · by Mahaana Investments
Price
Rs15.81
YTD return
+11.00%
1Y return
22.00%
Expense ratio
1.75%
Dividend yield
5.50%
AUM
PKR 120M
Mahaana Islamic Index ETF (MIIETF) is a Shariah-compliant Exchange Traded Fund on the Pakistan Stock Exchange. It tracks an Islamic index comprising Shariah-screened equities for halal investing.
About Mahaana Islamic Index ETF
Mahaana Islamic Index ETF (MIIETF) is a Shariah-compliant Exchange Traded Fund listed on the Pakistan Stock Exchange. It offers Muslim investors a fully halal investment vehicle that tracks an Islamic equity index.
Shariah Compliance
All constituent stocks undergo rigorous Shariah screening to ensure compliance with Islamic finance principles. Companies involved in prohibited activities (riba, gambling, alcohol) are excluded.
Investment Strategy
MIIETF employs a passive management style, tracking an Islamic index of approximately 15 Shariah-compliant stocks from the KSE-100 universe.
Key Features
- Fully Shariah-compliant investment
- ~15 Islamic-screened equity holdings
- Managed by Mahaana Investments
- Dividend yield ~5.50%
Top holdings
Every holding links to its own page with a live price and the full list of funds that own it.
| # | Holding | Ticker | Sector | Weight | Price |
|---|---|---|---|---|---|
| 1 | Meezan Bank | MEBL | — | 16.00% | Rs565.46 0.80% |
| 2 | Lucky Cement | LUCK | — | 12.00% | Rs433.12 0.42% |
| 3 | Engro Corp | ENGRO | — | 10.00% | — |
| 4 | Systems Limited | SYS | — | 9.50% | — |
| 5 | Hub Power | HUBC | — | 9.00% | Rs207.44 0.35% |
| 6 | Fauji Fertilizer | FFC | — | 8.50% | Rs548.11 -0.10% |
| 7 | MCB Bank Ltd | MCB | — | 7.00% | Rs399.58 0.34% |
| 8 | United Bank Ltd | UBL | — | 6.50% | Rs440.83 -0.54% |
| 9 | Bank Alfalah | BAFL | — | 6.00% | Rs56.24 -0.28% |
| 10 | Pakistan State Oil | PSO | — | 5.50% | Rs360.70 0.28% |
Frequently asked questions
Is MIIETF Shariah-compliant?
Yes, MIIETF is fully Shariah-compliant with all holdings screened by a Shariah Advisory Board.
What is the difference between MIIETF and MZNPETF?
Both are Shariah-compliant ETFs on PSX, but they track different Islamic indices and are managed by different companies — MIIETF by Mahaana and MZNPETF by Al Meezan.
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Community
MIIETF discussion
Questions on fair value, cost, dividends and risk — answered with the fund data on this page.
What is the fair value of MIIETF in 2026?
MIIETF price prediction 2026: what actually drives it?
Does MIIETF pay a dividend, and how reliable is the yield?
Is MIIETF a good long-term hold, or too concentrated?
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