Al-Ameen Islamic plan launched

KARACHI: UBL Fund Managers Limited (UBL Funds) announced the launch of the Al-Ameen Islamic Active Allocation Plan–IV, under the Al-Ameen Islamic Financial Planning Fund. This Plan is now open for subscription, a statement said on Monday.

The investment policy of Al-Ameen Islamic Active Allocation Plan-IV (AIActAP-IV) is approved by Shariah Advisors Mufti Muhammad Hassaan and Mufti Muhammad Najeeb Khan. 

The plan actively allocates investments between Islamic equity and Islamic income/money market classes with an aim to achieve potentially high returns.  The Plan has a term of two years and is ideal for investors who wish to benefit from the equity market and desire active management of their investment portfolios.

Mir Muhammad Ali, Chief Executive at UBL Funds, said “The Al-Ameen Islamic Active Allocation Plan series has been well received by investors with initial investments of Al-Ameen Islamic Active Allocation Plans I, II and III totaling more than Rs. 6.3bn.  Al-Ameen Islamic Active Allocation Plan–IV is the fourth tranche in the series and is an ideal investment avenue for those who wish to take up to 100 percent exposure to equities.”