Chief Executive Officer of Al-Ameen Islamic Financial Services (Pvt) Limited, Shahid Gul Motiwala, has said that the Islamic Funds category at UBL Funds has tripled in last two years from nearly Rs 10 billion to almost Rs 30 billion (November 30, 2013 vs November 30, 2015). UBL Fund Managers Limited (UBL Funds) hosted an awareness session in collaboration with Korangi Association of Trade and Industry (KATI) highlighting its Islamic wing's Al-Ameen Funds.
Motiwala said that the concepts behind Islamic Funds are clearly explained, they are well-perceived and their benefits embraced. 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 for retaining and enhancing 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 to be unfulfilled. UBL Funds has been the pioneer in Islamic CPPI-based Funds, which has 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.
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