UBL Fund Managers to take part in World-Asia Islamic Capital conference

KARACHI (October 27 2007): UBL Fund Managers has announced its participation in the 3rd World-Asia Islamic Capital Conference, which will be held in Karachi from November 7 to 8. The conference is the country's largest international financial conference, which will be widely attended by delegates from more than 150 financial institutions from around the world.

The third World-Asia Islamic Capital conference seeks to bring together policymakers, bankers, businessmen, Shariah scholars and professionals from the local and regional markets to discuss the current standing of the Islamic capital industry along with the challenges for future growth.

Although the Islamic banking industry in Pakistan is still in its infancy, it is attracting great attention from both the local and the foreign investors. By participating in this conference, UBL Fund Managers has shown its commitment to the development of the Islamic banking industry in Pakistan.

UBL Fund Managers provides investors with a range of Shariah Compliant yet highly competitive investment products to offer Shariah Compliant alternatives to conventional avenues of investment through two Islamic funds.

The two Islamic funds currently being offered by UBL Fund Managers are the United Composite Islamic Fund, which gave a return of 15 percent in the first six months of inception and the recently launched United Islamic Income Fund, which has become a Rs 1.5 billion fund within the first week of inception.

Through these funds, UBL Fund Managers aim to fulfil the needs of Islamic investors seeking high 'Riba Free' returns on their investment. UBL Fund Managers is the only Pakistan-based Asset Management Company to launch its funds in the UAE through the UBL branch network.-PR