UBL Fund Managers, one of Pakistan's leading Asset Management Companies, has announced the launch of its new Shariah-compliant investment scheme. The new scheme, UBL Islamic Cash Fund, is an Islamic Money Market Scheme that is designed for clients who have cash lying idle in a current account. By investing this money in UBL Islamic Cash Fund, clients can expect to earn a competitive return that will be calculated and announced on a daily basis.
The scheme offers a unique 'Same Day Withdrawal' facility, whereby clients can withdraw their money from the scheme the very same day. There is no minimum holding period and no charges on investment or withdrawal. The scheme aims at providing clients with a competitive and stable return by investing insecure Shariah-compliant Government Securities and Deposits with high rated Islamic banks. All investments in the scheme will be made under the guidance and supervision of the Shariah Advisory Board of the scheme. The Board comprises renowned Islamic scholars Mufti Muhammad Najeeb Khan and Mufti Muhammad Hassan Kaleem.-PR
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