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Investing In Islamic Funds: A Practitioner's Perspective by Noripah Kamso

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Helpful Hints

  • UCITS fund structures are similar to a European “passport” that enables to sell funds order across the European Union.
  • Given the robust risk framework and strict governance, global UCITS fund platforms are structured to appeal to international investors.
  • Acknowledging the increasing need to provide cross-border solutions, CIMB-Principal Islamic Asset Management (“CIMB-Principal Islamic”) established a UCITS funds platform in Ireland in December 2011.
  • Shariah-compliant UCITS are globally offered, but currently the market is very small and totals 26 funds in Ireland and Luxembourg.
  • Although Shariah-complaint UCITS are referred to as Islamic, they were mostly established by conventional asset managers.
  • Shariah-compliant UCITS funds investors will be reassured by a regulatory framework that is clear, straightforward, and easily understood.

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