United Composite Islamic Fund (UCIF) has been ranked as the ‘Top Islamic Mutual Fund’ in the Islamic Equity / Balanced Category for the year 2008. The ‘Mutual Funds Magazine’ announced the award, the first publication dedicated towards the promotion of the mutual funds industry in Pakistan. The United Composite Islamic Fund (UCIF) is an open-end balanced Shariah Compliant mutual fund offered by UBL Funds Siraj the Islamic investments division of UBL Fund Managers. Launched in 2006, UCIF invests in a diversified portfolio of Shariah-compliant equity and income instruments to provide investors with capital appreciation over a medium to long-term tenure.