Islamabad, December 10, 2015 (PPI-OT): UBL Fund Managers Limited (UBL Funds) co-hosted an awareness session and hi-tea on December 10, 2015 in collaboration with the Korangi Association of Trade and Industry (KATI), highlighting its Islamic wing: Al-Ameen Funds.
Mufti Hassaan Kaleem, renowned Shari’ah Advisor, was the chief guest of the event and spoke about the importance of Islamic investments. In this interactive session, Shahid Gul Motiwala, CEO Al-Ameen Islamic Financial Services (Pvt) Limited, presented information on the growth and performance of Islamic investment avenues, the KMI index, and, specifically, Islamic mutual funds. Attendees gained knowledge on the importance and benefits of saving, investing, and financial planning, gaining insight on how to benefit from capital market investments.
Speaking of the event, Mr. Motiwala said, “Once the concepts behind Islamic Funds are clearly explained, they are well-perceived and their benefits embraced. We are proud to share that the Islamic Funds category at UBL Funds has tripled in only the last 2 years from nearly PKR 10 billion to almost PKR 30bn (Nov 30, 2013 vs Nov 30, 2015). This reiterates a phenomenal interest in Islamic investments and speaks greatly to our strengths.”
UBL Funds aims to educate people about the significance of investing in mutual funds and pension schemes, and their 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 which are yet unfulfilled. UBL Funds has been the pioneer in Islamic CPPI-based Funds, which have promoted the culture of stock market investing in Pakistan by delivering competitive returns through investment in stocks based on an internationally renowned strategy. The introduction and performance of these funds has played an important role in strengthening and enhancing the image and market share of Islamic mutual funds throughout the industry.
For more information, contact:
Head of Marketing and Alternative Distribution Channels
UBL Fund Managers Limited
4th Floor, STSM Building,
Tell: +92-21-111-825-262 Ext. 161