Business News

ISLAMABAD, (APP): 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 and capital markets in Karachi.
The session discussed the scope of Islamic investments and its
increasing market share.
The event was attended by shariah advisors and management of
UBL Funds, Al-Ameen Funds and Pakistan Stock Exchange Limited, said
a statement received here on Friday.
In the interactive session Nadeem Naqvi, Managing Director of
KSE, delivered an informative presentation and spoke about the
current market situations and future outlook of the stock market.
Speaking of 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”.
He said Al-Ameen Funds currently has the second highest market
share in the Islamic Funds’ industry with an AUM of 33.082 billion
as of July 31, 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”, he added.
Shahid Gul Motiwala, CEO Al-Ameen Islamic Financial Services
(Private) Limited, a wholly owned subsidiary of UBL Funds, said,
“There is a lot of awareness required in Pakistan regarding the
benefits of making sound investment choices. Platforms like these
give people the opportunity to realize that investing is an
excellent avenue for potential growth of one’s wealth through a
shariah compliant manner.”
He said that the Islamic funds industry has shown impressive
growth in recent years, especially in funds which invest in stocks.
“We see a bright future for the Islamic funds industry and
expect it to grow at a much higher rate. We imagine other Islamic
funds that are locally-operating face challenges similar to ours,
and we are happy to have devised certain Islamic investment
solutions that have been supported not only by our peers who
subsequently launched theirs, but also by investors who have
benefitted from, and are understanding the benefits of, investing
with a longer, more disciplined time horizon”, he added.
With this session, UBL Funds continues to educate people about
the significance of investing in mutual funds and its potential for
growing savings.
The company strives 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.