IGI Funds Limited, the Asset Management Company of IGI Financial Services and Packages Group has launched the 'IGI Islamic Income Fund' and the IPO dates for the fund would be December 1-3, 2009. This latest offering is the third fund to be launched by IGI Funds Limited. The company introduced the IGI Income Fund in April 2007 and the IGI Stock Fund in July 2008.
These funds are rated "3 Star" and "5 Star" by PACRA respectively. The IGI Funds Chief Executive Officer Maheen Rahman said that the new fund was ideal for investors seeking regular and steady returns from a Shariah compliant investment portfolio. The Islamic Income Fund was another initiative taken by IGI Funds to offer investors a new investment solution and help them gain low risk Riba-free profits in an uncertain investment environment.-PR