BMA Funds signs trust deed for Islamic income scheme

Thursday 29th October’2015: BMA Asset Management Company Limited (BMA Funds), a Non Banking Finance Company, formally signed the Trust Deed for its forthcoming Islamic Income Scheme, BMA Minhaj Islamic Income Fund at CDC Pakistan. The event brought together the representatives from CDC, trustee of the BMA Minhaj Islamic Income fund, and the Senior Management of BMA Asset Management Company Limited.

BMA Funds takes pride in being the pioneer and leader of Separately Managed Accounts (SMA) in Pakistan. BMA funds also launched Pakistan’s first US dollar denominated off-shore fund in 2005 which is the only Pakistan dedicated offshore fund being managed out of Pakistan.

Following the same trend of leadership, BMA Minhaj Islamic Income Fund will offer a unique one of its kind scheme for investors who wish to benefit from the Equity market and at the same time seek capital appreciation that adheres to Shariah principles. It primarily aims to generate superior risk adjusted returns to earn a stable halal income over medium to long term by investing in fixed income instruments present in Pakistan debt market. “BMA funds is committed to work for earning substantial returns with peace of mind for the investors along with keeping up with the modern trends. Many asset management firms are currently seizing the opportunities and taking challenges of creating a Shariah-compliant fund range. The BMA Minhaj Islamic Income Fund reflects the strong brand equity that BMA Asset Management Company Limited has developed over the years and has been refreshed to reflect who we are today and where we are going” said Mr Adeel Ahmad, CEO BMA Funds.

BMA Asset Management Company Limited at a Glance

BMA Asset Management Company Limited (BMA Funds) is a Non-Banking Finance Company licensed to perform Asset Management and Investment Advisory Services as per the NBFC Rules, 2003. Incorporated in April 2005, BMA Funds was fully licensed to carry out asset management and investment advisory services in November 2005. Over the past years, it has rapidly established a strong presence as a pioneer in asset management and has a proven track record in fund management and investment advisory since 1994.

Source: Business Recorder