ISLAMABAD: Al-Ameen Funds, managed by UBL Fund Managers Limited (UBL Funds), in collaboration with Pakistan Stock Exchange Limited (PSX), hosted an awareness session on Shariah-compliant investment and capital markets in Karachi. The session discussed the scope of Islamic investments and its increasing market share. The event was attended by Shariah advisors and management of UBL Funds, Al-Ameen Funds and PSX, said a statement received on Friday. In the interactive session, PSX Managing Director Nadeem Naqvi delivered an informative presentation and spoke about the current market situations and future outlook of the stock market. Speaking of the occasion, UBL Funds CEO Yasir Qadri said, “Local investors are more aware about the equity market than ever before. However, Islamic funds offer opportunities of investment for a vast audience, which is yet to be tapped.” He said Al-Ameen Funds currently has the second highest market share in the Islamic funds’ industry with an AUM of 33.082 billion as of July 31, 2016. “We continue to retain and grow its market share in Islamic funds by delivering superior fund performance in existing funds and by introducing new funds that cater to investor needs which are yet unfulfilled,” he added. Al-Ameen Islamic Financial Services (Private) Limited CEO Shahid Gul Motiwala said, “There is a lot of awareness required in Pakistan regarding the benefits of making sound investment choices. Platforms like these give people the opportunity to realise that investing is an excellent avenue for potential growth of one’s wealth through a Shariah-compliant manner.” He said that the Islamic funds industry has shown impressive growth in recent years, especially in funds that invest in stocks. “We see a bright future for the Islamic funds industry and expect it to grow at a much higher rate. We imagine other Islamic funds that are locally-operating face challenges similar to ours, and we are happy to have devised certain Islamic investment solutions that have been supported not only by our peers who subsequently launched theirs, but also by investors who have benefited from, and are understanding the benefits of, investing with a longer, more disciplined time horizon,” he added. With this session, UBL Funds continues to educate people about the significance of investing in mutual funds and its potential for growing savings. The company strives to retain and grow its market share in Islamic funds by delivering superior fund performance in existing funds and by introducing new funds that cater to investor needs.