KARACHI: Speakers at an awareness session on Shariah Compliant Investment said the Islamic funds industry has shown impressive growth in recent years.
The moot was hosted by Al Ameen Funds managed by UBL Fund Managers Limited in collaboration with Pakistan Stock Exchange Limited (PSX) said a statement on Saturday.
Speaking on the occasion, Yasir Qadri CEO UBL Funds said the local investors are more aware about the equity market than ever before.
"However Islamic funds offer opportunities of investment for avast audience which is yet to be tapped," he added.
Al Ameen Funds currently has the second highest market share in the Islamic Funds industry . "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.
He pointed out that the UBL Funds is also the pioneer in launch of CPPI based funds, based on an internationally renowned strategy in Pakistan.
The introduction and performance of these funds has played an important role in strengthening and enhancing the image and market share of UBL Funds.