UBL Fund Managers Limited has announced the launch of its new Shariah-compliant savings scheme – UBL Islamic Savings Fund (UISF). The scheme will open for public subscription from November 5, 2010. UBL Islamic Savings Fund (UISF) is an open-end Shariah-compliant income scheme that is designed for investors who are looking to earn ‘Halal’ income on their savings.