UBL Funds bags prestigious Lipper AwardJuly 6, 2014
KARACHI: UBL Funds bags the prestigious Lipper Award for Al-Ameen Islamic Retirement Savings Fund UBL Fund Managers, as one of Pakistan’s leading asset management company, has kept up its reputation of excellence in fund management services within and outside the country.
In the ceremony for Lipper Fund Award 2014 held in Dubai, UBL Funds’ Islamic Retirement Fund, i.e. Al-Ameen Islamic Retirement Savings Fund (AIRSF) claimed the winning spot as the “top performer” amongst equity based funds globally.
Lipper Inc is a subsidiary of Thomson Reuters, and provides mutual and hedge fund data, analytical tools, and commentary covering over 213,000 share classes and more than 117,000 funds located in over 60 countries. Every year, the Lipper Fund Awards honors Funds and Asset management firms that have excelled in consistently strong risk-adjusted performance, based on a comparison with similar funds across the globe.
Al-Ameen Islamic Retirement Savings Fund, formerly UBL Islamic Retirement Savings Fund (UIRSF)] is a Shariah-compliant, voluntary pension scheme designed to offer investors with an easy and affordable means of growing their savings over the long-term to assist them in achieving a financially independent life after retirement.
Available in both Pakistan and the UAE; Investments in this fund starts as low as Rs 500 and not only offers Free Family Takaful coverage up to Rs 5 Million subject to certain terms and conditions, but also makes investors eligible to claim attractive tax rebates that ultimately top up their overall savings.
Al-Ameen Islamic Retirement Savings Fund is the ideal solution for Shariah Conscious investors who seek the assurance of having all their investments in strictly Shariah-compliant instruments, as this fund operates under the supervision of a Shariah Advisory Board which comprises of renowned Islamic scholars Mufti Muhammad Hassan Kaleem and Mufti Najeeb Khan.
Established in 2001 and regulated by the Securities and Exchange Commission of Pakistan, UBL Fund Managers has been one of the leading asset management companies of Pakistan for over a decade, with presence in the Middle East as well. It has also been given the prestigious High Management Quality Rating of AM2 by JCR-VIS Credit Rating Company.