United Bank Limited Funds co-hosts awareness session on Islamic investment opportunities
Lahore, September 08, 2015 (PPI-OT):UBL Fund Managers Limited (UBL Funds) co-hosted an awareness session and dinner in collaboration with the Karachi Stock Exchange (KSE), highlighting its Islamic wing, Al-Ameen Funds, on September 04 2015. The session titled “Awareness on Islamic Investments and Capital Markets” was held at the Taj Marquee, located next to Movenpick Hotel, and was open to the public. In this interactive session, Mr. Mir Muhammad Ali, Chief Executive of UBL Funds, and Mr. Nadeem Naqvi, Managing Director of KSE, delivered informative presentations followed by Q and A. They spoke about the current market situations and discussed the way forward.
The session welcomed general public informing them about the growth and performance of Islamic investment avenues, the KMI index, and Islamic mutual funds. Attendees gained knowledge on the importance and benefits of saving, investing, and financial planning, gaining insight on how to benefit from capital market investments. Speaking of the event, Mr. Mir Muhammad Ali, CEO UBL Funds, said, “There is a lot of awareness required in Pakistan regarding the benefits of making sound investment choices. Platforms like these give people the opportunity to realize that investing is an excellent avenue for potential growth of one’s wealth.”
He added that “In terms of Islamic Funds, specifically, there is a need for understanding of what makes instruments Shariah-compliant, in the absence of which confusion does arise. Once the concepts are clearly explained, though, Islamic Funds are well-perceived and their benefits embraced.” Mr. Nadeem Naqvi, Managing Director, Karachi Stock Exchange Limited, while speaking on the occasion, highlighted the importance of personal financial planning in order to meet financial needs and protect hard-earned savings from the impact of inflation.
UBL Funds aims to educate people about the significance of investing in mutual funds and its potential for growing savings. The company strives 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.
UBL Funds has been the pioneer in Principal Preservation Funds, which have promoted the culture of stock market investing in Pakistan by delivering competitive returns through investment in stocks while following a strategy to preserve the principal investment over an investment period of two years. The introduction and performance of these funds has played an important role in strengthening and enhancing the image and market share of UBL Funds.
For more information, contact:
Head of Marketing and Alternative Distribution Channels
UBL Fund Managers Limited
4th Floor, STSM Building,
Tell: +92-21-111-825-262 Ext. 161