KARACHI: After receiving a licence to operate as an asset management company and investment adviser late last year, Pak-Qatar Asset Management Company Ltd announced on Thursday that it’s going to launch Shariah-compliant mutual funds.

The asset manager has obtained approval to launch three Shariah-compliant funds along with six investment plans catering to the needs of the masses, a press release said.

Company CEO Farhan Shaukat said the entity will offer a wide variety of Shariah-compliant collective investment schemes with a flavour of Takaful, which is a unique phenomenon in the existing market. “We are also the second company that is exclusively offering Shariah-compliant collective investment schemes in Pakistan.”

Published in Dawn, September 23rd, 2022