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Shariah stock fund winners led by Namal, MFC

Posted on 06 August 2010

From Bloomberg: Islamic stock funds in Sri Lanka, Thailand and Pakistan provided the biggest returns among global counterparts investing in Shariah-compliant securities as accelerating economic growth pushed shares higher.
Namal Amana Equity Fund, based in Sri Lanka, rose 71 percent in the last 12 months, beating all the other 299 funds tracked by Bloomberg. MFC Islamic Long Term Equity in Thailand increased 55 percent and Al-Meezan Mutual Fund of Pakistan gained 51 percent in the period……………………………………….Full Article: Source

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