UBL Fund launches new scheme

UBL Fund Managers Limited announce Shariah-compliant savings scheme UBL Islamic Savings Fund (UISF).

UBL Fund Managers Limited has announced the launch of a new Shariah-compliant savings scheme: UBL Islamic Savings Fund (UISF).

UISF is an open-end income scheme designed for investors who are looking to earn ‘halal’ income on their savings that invests in Shariah-compliant instruments, including government securities (such as Ijara sukuk) and Islamic bank deposits, ensuring that investor money is safe and returns are not volatile.

Published in The Express Tribune, November 6^th, 2010.