KARACHI:
UBL Fund Managers Limited (UBL Funds) announced the launch of Al-Ameen Islamic
Active Allocation Plan–VII, under the Al-Ameen Islamic Financial Planning
Fund-II. This Plan is now open for subscription, a statement said on Friday.
The
investment policy of Al-Ameen Islamic Active Allocation Plan-VII (AIActAP-VII)
is approved by Shariah Advisers Mufti Muhammad Hassaan Kaleem and Mufti
Muhammad Najeeb Khan, it added. The plan actively allocates investments
between Islamic equity and Islamic income / money market mutual funds, based on
the fund manager’s outlook on these asset classes, with an aim at achieving
potentially high returns, the statement said. 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, it added.
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