Pakistan Today

UBL Funds announces launch of Al-Ameen Islamic Active Allocation Plan –II

UBL Fund Managers Limited (UBL Funds) announced the launch of the Al-Ameen Islamic Active Allocation Plan–II, under the Al-Ameen Islamic Financial Planning Fund. This Plan is now open for subscription. Al-Ameen Islamic Active Allocation Plan-II (AIActAP-II) is presented by UBL Funds under the guidance of Shariah Scholars Mufti Muhammad Hassaan and Mufti Najeeb Khan. The Plan has a term of two years and is ideal for investors who wish to benefit from the equity market and desire active management of their investment portfolios. Mir Muhammad Ali, Chief Executiveat UBL Funds, said “The Al-Ameen Islamic Active Allocation Plan-I was well-received by investors raising over PKR 2.3bn, hence we decided to launch the second tranche in the series: Al-Ameen Islamic Active Allocation Plan-II.”

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