| From Professionalpensions.com: NEST has confirmed it will offer investors access to a global equity Sharia-compliant fund. The mandate to run the brief - posted on the official European Union tender website today - said the successful bidder will have their products approved by a board of Sharia scholars. The fund will not include any asset classes forbidden under Sharia law - for example, conventional bonds.
The notice said: "NEST is seeking to include a passive or actively managed Sharia compliant global equity investment option as part of its optional suite of investment funds in order to fully provide for the needs of scheme members.".............................................Full Article: Source
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