More than 700 Islamic funds offered in over 75 countries cover a broad spectrum of various asset classes with the ability to satisfy the diverse range of investors’ appetites.
The Shariah equity indices Dow Jones Islamic Markets, S&P Indices, FTSE, MSCI, and Russell have established a transparent stock screening process that is regularly reviewed.
There is wider acceptability of Islamic equity funds, now that a transparent and credible five-year investment performance track record has been established since 2007.
Global Sukuk funds, which are denominated in an international currency like the dollar or the euro, are now available on offshore funds platforms.
As of March 28, 2011, there were 13 Islamic ETFs with total assets under management of USD382 million.
Shariah-compliant REITs do not invest in properties that involve nonpermissible activities. For example, casinos whose main revenue source comes from gambling would not be allowed. In the case of a hotel, if alcoholic beverage sales total more than 25 percent of revenues, then it is also not eligible for investment.
While leveraging positions are not allowed, Shariah compliant hedge funds can be developed under the guidance of Shariah scholars based on certain Islamic contracts.
International investors can select from 26 Islamic UCITS funds, which are available on the Luxembourg and Dublin international fund platforms.
Disagreement among Shariah scholars signals a flight toward quality and refinement and not ...
With Safari, you learn the way you learn best. Get unlimited access to videos, live online training,
learning paths, books, interactive tutorials, and more.