UBL Funds to launch Islamic scheme

In a recent announcement UBL Fund Managersstated that it will launch its new Shariah-compliant investment scheme. The scheme known under the name UBL Islamic Cash Fund is described as an Islamic Money Market Scheme with clients who have cash lying idle in a current account as a target group. Investing in UBL Islamic Cash Fund will enable customers to earn a competitive return which will be calculated and announced on a daily basis.

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http://www.dailytimes.com.pk/default.asp?page=2012\09\19\story_19-9-2012_pg10_3