Higher risk, higher return: ABL Asset Management to set up Islamic equity fund

Pakistani ABL Asset Management has announced the establishment of an Islamic equity fund. The fund is expected to tap the growing market of investors who want to make their investments in stocks of Shariah-compliant companies only. In contrast with the current offer of the company - the Islamic Income Fund - the new Islamic equity fund will entail higher levels of risk and return. The date of release is not known yet but according to the company's CEO Farid Ahmed Khan, it will be rather soon.