Where to Invest PKR 50,000? Al Ameen Shariah Stock Fund

With currency depreciating over time, in leu of time value of money, students, seasoned professionals and even the average University guard is looking for options to invest in a Shariah compliant fund. But with little to no knowledge of financial ventures, it becomes a tedious task for the average joe to invest in commodities, even though the Karachi Stock Exchange has given a return nearing 1500% from 1997 to Jan 2014.

Formerly known as the United Shariah Stock fund, Al Ameen Shariah Stock Fund has it’s fund managers invest in Shariah compliant funds. With the growing need of Islamic Finance on a global scale, organizations like Auditing and Accounting Organization of Islamic Financial Institutions has made sure that the move from conventional banking to Islamic Banking is done carefully.

Fund managers recommend that the investor retain his or her funds with Al Ameen for at least 5 years, subject to market risks. But the risk of investing in a mutual fund is relatively lower than investing in stocks with no knowledge of the Pakistani economy.

You can visit http://www.alameenfunds.com/funds-returns-history/ to review the return history, and if you think you can allocate PKR 50,000 into the fund, then it isn’t really a bad option.

You can visit http://www.ublfunds.com.pk/alameen/products-services/mutual-fund-schemes/al-ameen-composite-islamic-fund-assf/how-to-invest/ to check out the account opening form, the investment procedure and see if the fund is the right fit for you.