The Islamic Investments Division of UBL Fund Managers managing Shariah-compliant investment funds has been re-launched under the brand name 'Siraj' UBL Funds Siraj is currently managing two Islamic open-end funds and three Islamic saving plans based on investment in these funds.

"The introduction of the distinctive UBL Funds Siraj brand," says Mir Muhammad Ali, CFA, CEO of UBL Fund Managers, "signifies our commitment to offer dedicated Shariah -compliant investment solutions to our investors. Through UBL Funds Siraj offer a range of investment products and services for individual, corporate and institutional clients, who prefer to invest in accordance with the principles of Islamic shariah.

Coupled with our deep experience in the asset management sector and under the guidance of our renowned Shariah Advisory Board, the UBL Funds Siraj proposition offers an unmatched investment philosophy built on strong values and firm commitments".

United Islamic Income Fund (UIIF), an open-end fund managed under UBL Funds Siraj completed its first year anniversary on the 20th of this month. UIIF is an income-based fund with no direct exposure to equities. The Fund has given a return of 11.37 per cent p.a. to investors from July-October 08.