bulletEDITOR'S PICKS

 

Pension flexibility extended but advice restricted to FCA regulated firms

From Retirement Jul 21 2014 @ 16:46

Increased flexibility on pensions announced in the UK Budget earlier this year will be extended...
view article

HMRC tax avoidance proposals receive Royal Assent

From Tax & Regulation Jul 21 2014 @ 04:00

Proposals by HM Revenue & Customs to crack down on tax avoidance have now received Royal Assent.
view article


bulletRELATED ARTICLES

 

bulletNEWS

 

LATEST NEWS

Fines weigh heavy on Credit Suisse earnings

Fines weigh heavy on Credit Suisse earningsDespite improved cost control and an increase in assets under management, the...
view article

IA ANALYSIS: FATCA is stranger than fiction

From Tax & Regulation Jul 22 2014 @ 10:38

Skandia targets Asian HNW’s with JLT...

From Asia Jul 22 2014 @ 10:04

MORE FROM United Kingdom

LATEST NEWS

Kearney leaves amid Aberdeen multi-asset restructuring

Kearney leaves amid Aberdeen multi-asset restructuringAberdeen Asset Management’s new-look investment solutions business sees Mark...
view article

Pension flexibility extended but advice...

From Retirement Jul 21 2014 @ 16:46

UK to waste £500m on inefficient IHT...

From Tax & Regulation Jul 21 2014 @ 14:04

MORE FROM People

LATEST NEWS

Leigh Himsworth quits City Financial for Fidelity

Leigh Himsworth quits City Financial for Fidelity Leigh Himsworth, head of UK equities at City Financial, is to join...
view article

Profits up as WH Ireland narrows focus

From United Kingdom Jul 21 2014 @ 12:12

Former Merrill Lynch asset integration sees...

From United Kingdom Jul 21 2014 @ 11:01

MORE FROM People



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...