Karachi—Al-Ameen Funds, managed by UBL Fund Managers Limited (UBL Funds), in collaboration with Pakistan Stock Exchange Limited (PSX) hosted an awareness session on Shariah compliant investment & capital markets on Thursday.
The session discussed the scope of Islamic investments and its increasing market share. The attendees of the event were Shariah advisors and management of UBL Funds,Al-Ameen Funds & Pakistan Stock Exchange Limited. In this interactive session Nadeem Naqvi, Managing Director of KSE, delivered an informative presentation followed by Q&A. He spoke about the current market situations and future outlook of the stock market.
Speaking on the occasion, Yasir Qadri, CEO UBL Funds said local investors are more aware about the equity market than ever before. However, Islamic funds offer opportunities of investment for a vast audience which is yet to be tapped. Al-Ameen Funds currently has the second highest market share in the Islamic Funds’ industry with an AUM of 33.082 bn as of July 31st 2016. We continue to retain and grow its market share in Islamic Funds by delivering superior fund performance in existing funds and by introducing new funds that cater to investor needs which are yet unfulfilled.
UBL Fundsis also the pioneer in launch of CPPI-based Funds based on an internationally-renowned strategyin Pakistan which have promoted the culture of stock market investing in Pakistan by delivering competitive returns through investment in stocks while following a strategy to preserve the principal investment over an investment period of two years. The introduction and performance of these funds has played an important role in strengthening and enhancing the image and market share of UBL Funds.