MCB-Arif Habib Savings and Investments Limited (MCB-AH), under the patronage of world renowned Shariah Scholars announced the launch of AlHamra, a dedicated Islamic Investment Division this morning. The launch event was attended by prominent businessmen, investors and celebrities of the country with featured speeches by the patrons, Arif Habib, Chairman and Chief Executive, Arif Habib Group and Ahmed Jahangir, Director MCB Arif Habib saving.
Speaking at the event, Arif Habib highlighted, "Islamic Asset Management as an area of immense growth in mutual funds industry with a menu of Shariah compliant products being a requirement to cater the fast growing Islamic client segment." Opening the forum Saqib Saleem, CEO MCB-AH said, "With a 15 year long standing relationship with our clients, we are excited to launch AlHamra as a parallel Shariah Compliant division in response to our clients request for Islamic financial solutions."
The patrons' remarks were followed by a line-up of seasoned and respected industry practitioners who deliberated on the emerging focus on Islamic investment space. The panel discussion led by Muhammad Asim Chief Investment Officer, MCB-Arif Habib Savings & Investments Limited, engaged Shariah Advisors for AlHamra, Mufti Dr Ejaz Samdani and Mufti Zubair Usmani, Nasim Beg, Vice Chairman MCB-AH, Mohammad Sohail, CEO Topline Securities and Muhammad Sajid, CEO Core Advisors on coping with the prevailing investment environment and the changes necessitated by the regulators. The session also shed light on ethical financial and asset management practices.
With its long standing mission to be customer centric and cater to constantly diversifying client needs, MCB-AH is confident that the launch of AlHamra will add momentum to the Islamic Funds Industry and help spread its message of savings and investments to new segments of the Pakistani society.-PR
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