bulletEDITOR'S PICKS

 

EEA accused of 'deliberately' withholding information

From Products Oct 22 2014 @ 16:57

EEA has been accused of “deliberately” withholding information after an action group discovered...
view article

Licensed providers and brokers named by UAE regulator

From Middle East Oct 20 2014 @ 12:44

The UAE Insurance Authority has published, for the first time, a full list of companies...
view article


bulletRELATED ARTICLES

 

bulletNEWS

 

LATEST NEWS

Funds start buying into Alibaba

Funds start buying into AlibabaAbout one month after Alibaba's $25bn IPO on the NYSE, the largest in history...
view article

EEA accused of 'deliberately' withholding...

From Products Oct 22 2014 @ 16:57

St James’s Place in profile – Guaranteed...

From Profiles Oct 22 2014 @ 15:39

MORE FROM Asia

LATEST NEWS

UK failing to protect ‘compromised’ finance sector, says WMA

UK failing to protect ‘compromised’ finance sector, says WMAThe UK’s finance industry has been compromised in “numerous ways” by EU reforms...
view article

Record numbers sign up for annual ME Investment...

From Middle East Oct 22 2014 @ 11:56

Pact signed by Standard Life and Commericial...

From Asia Oct 22 2014 @ 09:58

MORE FROM Europe

LATEST NEWS

Hong Kong suspends DBS Vickers broker

Hong Kong suspends DBS Vickers broker Hong Kong's regulators have suspended the licence of a broker formerly at DBS...
view article

Italy to introduce ‘unique’ tax disclosure...

From Europe Oct 21 2014 @ 16:16

Six UK small-cap funds to keep an eye on

From Products Oct 21 2014 @ 16:00

MORE FROM Asia



Dan Judge

Argyll unveils trio of Shariah funds

From News Aug 20 2010 BY: Dan Judge

Add to My News Comments (0)

Add to My News Print

Add to My News

add to twitter

add to linkedin


Argyll Investment Services, a Guernsey-based fund manager and promoter, has launched a trio of Shariah compliant funds in a protected cell company structure.

World Shariah Funds PCC is listed on the Channel Islands Stock Exchange and contains three investment strategies from three different fund managers; Malaysia’s Reliance Asset Management, CIMB Principal Asset Management Berhad, a Malaysian and US joint venture, and Markaz of Kuwait. The three fund groups have combined assets under management of more than US$13bn.

Companies held within the three funds are excluded from dealing in alcohol, tobacco and pornography, among other industries, and are also not allowed to have highly leveraged balance sheets. 

The funds aim to outperform their relevant Islamic equity indices.

Stuart Place, marketing director for Argyll, said: “Following the first phase of the world credit crisis, investors are more wary of holding heavily indebted companies in their portfolios. The filter process for the World Shariah Funds eliminates such businesses as non-compliant under Shariah principles.

“As the next phase pans out, less leveraged companies will be less dependent on bank finance and should have more robust balance sheets; an attractive proposition in the search for value.”

Add to My News Comments (0)

Add to My News Print

Add to My News

add to twitter

add to linkedin


COMMENTS


Have your say

(Be the first to) Have your say!

Please sign in or register here to leave a comment. Registration is free and only takes a few moments.






Share us on Twitter

SHARE US ON TWITTER
Join the community

Join us on Linked In

SHARE ON LINKED IN
Inform your colleagues

Switch to our mobile site

SWITCH TO MOBILE SITE
News on the go

Back tot he top of the page

BACK TO TOP OF PAGE
Just click here...