KARACHI – The Annual Islamic International Conference, organized by Al-Huda CIBE, was held here. The conference was attended by representatives from the financial sector who shared their ideas and discussed the future growth and challenges for the Islamic funds industry, says a press release.

Speaking at the event, Mir Muhammad Ali, CEO of UBL Fund Managers shared insights about the growing preference of Islamic investment vehicles in Pakistan. He quoted that “according to recent research conducted by UBL Fund Managers, 43% of the respondents preferred the Islamic mode of investing over conventional avenues. Only 23% respondents were keen on investing in conventional investment vehicles.”