AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad, August 26, 2016 (PPI-OT): 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 amp; capital markets.
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 and amp; Pakistan Stock Exchange Limited.
In this interactive session Mr. Nadeem Naqvi, Managing Director of KSE, delivered an informative presentation followed by Q and A. He spoke about the current market situations and future outlook of the stock market.
Speaking of the occasion Mr. 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 Funds is also the pioneer in launch of CPPI-based Funds based on an internationally-renowned strategy in 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.”
Mr. 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 added 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.”
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.
For more information, contact:
Raeda Latif
Head of Marketing and Alternative Distribution Channels
UBL Fund Managers Limited
4th Floor, STSM Building,
Beaumont Road,
Karachi
Tell: +92-21-111-825-262 Ext. 161
Fax: +92-21-35622793
Cell: +92-300-8251222
Email: rlatif@ublfunds.com