SEI, the U.S.-based manager of managers, has become the first global investment management firm to launch an offshore range of Shari’ah compliant (compliant with Islamic Law) investment funds for South African institutional and retail investors.
The four Shari’ah funds: the SEI Islamic US Equities Fund, the SEI Islamic European Equities Fund, the SEI Islamic Emerging Markets Equities Fund and the SEI Pacific Basin Equities Fund, are registered with the Financial Services Board and are designed to comply with Shari’ah laws whilst not comprising investment return potential. Each fund holds a certificate of Shari’ah compliance and Shari’ah law is specifically included in the investment objective of each fund, with customised Shari’ah guidelines for each underlying fund manager. The Shari’ah funds are constructed using SEI’s man......................
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