Faysal Funds shifts to Sharia-compliant asset management firm

KARACHI: Faysal Funds has fully transitioned from a conventional asset management company to a completely Sharia-compliant one aimed at offering investment solutions according to Islamic principles, a statement said on Tuesday.

Faysal Funds will continue to uphold the highest standards of Sharia compliance in all its operations, ensuring a brighter, more ethical future for all. Nadir Rahman, chief executive officer of Faysal Funds, said: “This achievement is an important milestone for us. It highlights our strong commitment to providing investment options that are both ethical and follow Sharia law.”

“We are excited to offer our investors a chance to meet their financial goals while staying true to their values. This approach ensures that the investments contribute to a sustainable and responsible future with support from the Pakistan government,” Rahman added.

The government has played a key role by developing laws and regulations that make it easier for Islamic finance to grow in the country. These efforts include setting up rules that ensure Islamic banking and investment products are in accordance with the Shariah principles. The government has also worked to educate people on the benefits of Islamic finance, helping people understand how it offers an alternative to conventional financial services. This supportive environment has allowed companies like Faysal Funds to thrive and continue offering Sharia-compliant financial solutions.

Faysal Funds’ investment plan is designed to help investors grow their wealth in accordance with Islamic principles while contributing to the development of a more ethical and sustainable financial landscape in Pakistan.