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 6th, 2010.
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 6th, 2010.