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 capital markets here on Thursday. 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 PSX.
In interactive session, PSX Managing Director Nadeem Naqvi delivered presentation and spoke about the current market situations and its future outlook. 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."
He said Al-Ameen Funds currently had second highest market share in the Islamic Funds' industry with an AUM of Rs 33.082 billion as of July 31st. "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," he said. Shahid Gul Motiwala, CEO Al-Ameen Islamic Financial Services, 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."