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Islamic Finance Briefing - Categorized | Funds, New Launches more

Argyll unveils trio of Shariah funds

Posted on 23 August 2010

From International-adviser.com: 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…………………………………….Full Article: Source

 
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