Karachi: Pakistan Stock Exchange Limited has approved the formal listing and quotation of the units of Atlas Islamic Cash Fund, an open-end mutual fund, effective from Friday, July 19, 2024. The announcement was made earlier today, marking a significant addition to the financial products available on the Exchange.

According to information available from the Pakistan Stock Exchange (PSX), the Atlas Islamic Cash Fund aims to provide investors with a Sharia-compliant investment option that adheres to Islamic financial principles. The approval by the Exchange signifies its compliance with the necessary regulatory standards and financial criteria, facilitating an anticipated growth in investment activities among observant Muslim investors and others interested in ethical financial products.

The listing of the Atlas Islamic Cash Fund is expected to enhance the diversity and accessibility of Islamic financial instruments on the PSX, providing both retail and institutional investors with more avenues to secure and grow their capital within the bounds of Sharia law.