Al-Ameen Islamic Energy Fund
Are you looking for a Shariah-compliant investment opportunity that can provide you with long-term capital growth? Do you want to diversify your portfolio by investing in the energy sector, which includes oil and gas, coal, nuclear, and renewable energy sources? If yes, then you might be interested in the Al Ameen Islamic Energy Fund, a mutual fund that aims to invest in Shariah-compliant listed equities belonging to the energy sector.
In this article, I will explain what the Al Ameen Islamic Energy Fund is, how it works, what are its benefits, and how you can invest in it. I will also share some of the fund’s performance and risk indicators, as well as its fund manager’s profile and strategy. By the end of this video, you will have a better understanding of the Al Ameen Islamic Energy Fund and whether it suits your investment goals and risk appetite.
The Al Ameen Islamic Energy Fund is an open-ended perpetual fund that was launched on December 13, 2019 by UBL Fund Managers Limited, one of the leading asset management companies in Pakistan. The fund is regulated by the Securities and Exchange Commission of Pakistan (SECP) and follows the Shariah guidelines issued by the Shariah Advisory Board of UBL Fund Managers Limited. The fund’s objective is to provide investors with long-term capital growth from an actively managed portfolio of Shariah-compliant listed equities belonging to the energy sector. The fund’s portfolio consists of companies that are involved in the petroleum industry, the gas industry, the electrical power industry, the coal industry, the nuclear power industry, and the renewable energy industry. The fund’s minimum investment amount is Rs. 500 and the fund’s dealing days are Monday to Friday. The fund’s pricing mechanism is forward and the fund’s investment charges are up to 3% of the net asset value. The fund’s management fee is up to 3% of the net asset value per annum.
The Al Ameen Islamic Energy Fund offers several benefits to its investors, such as:
- High returns: The fund aims to generate high returns by investing in the energy sector, which is one of the most dynamic and profitable sectors in the world. The energy sector is expected to grow in the future due to the increasing demand for energy, the technological advancements, and the environmental concerns. The fund’s portfolio manager uses a combination of fundamental and technical analysis to identify and select the best performing and undervalued stocks in the energy sector.
- Exposure in energy sector: The fund provides exposure to the energy sector, which is a diversified and resilient sector that can withstand market fluctuations and economic downturns. The energy sector also offers opportunities for growth and innovation, as well as social and environmental benefits. The fund’s portfolio covers various sub-sectors within the energy sector, such as oil and gas exploration and production, oil refining and marketing, fuel transport and distribution, electricity generation and distribution, coal mining and processing, nuclear power generation and distribution, and renewable energy sources and technologies.
- Shariah compliance: The fund ensures that its investments are in accordance with the Shariah principles and guidelines, which prohibit interest, gambling, speculation, and unethical businesses. The fund’s investments are screened and approved by the Shariah Advisory Board of UBL Fund Managers Limited, which consists of eminent Shariah scholars and experts. The fund also performs purification of its income and distributes Zakat to the deserving people.
If you are interested in investing in the Al Ameen Islamic Energy Fund, you can follow these simple steps:
- Create an e-account on the UBL Fund Managers website 1 or download the UBL Funds Smart Savings app 2.
- Fill out the account opening form and provide the required documents, such as your CNIC, bank statement, and proof of income.
- Choose the Al Ameen Islamic Energy Fund as your investment option and specify the amount you want to invest.
- Transfer the funds to the UBL Fund Managers bank account and receive a confirmation of your investment.
You can also contact the UBL Fund Managers customer service at 0800-00026 or visit any of their branches or sales offices for assistance.
I hope you found this video helpful and informative.
