Category Archives: Mutual funds and Islamic investments

First Shariah-compliant capital savings plan launched in the UK

First Shariah-compliant capital savings plan launched in the UK

Alburaq, the London arm of Bahrain-based Arab Banking Corporation (ABC) today launched what it says is the UK’s first shariah-compliant capital protected savings plan.

The product, which is being offered in partnership with the Bank of Ireland, allows savers to deposit between £500 and £1 million in a five year account, as an alternative to a guaranteed equity bond.

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Islamic Finance: Gulf Finance House (GFH) launches Gulf Atlantic Real Estate II

Islamic Finance: Gulf Finance House (GFH) launches Gulf Atlantic Real Estate II

Leading Islamic Investment Bank, Gulf Finance House (GFH), announced the launch of Gulf Atlantic Real Estate II (Gare-II), a shariah-compliant British commercial property fund. The fund, GFH said, builds upon the success of its first United Kingdom property fund, Gare, which was successfully exited three years ago, delivering excellent income and total returns for investors.

The launch of Gare-II follows an extensive study of British commercial property market by GFH’s real estate fund-management team. The study, which also reviewed other European markets, clearly identified a rare, cyclical buying opportunity in the UK commercial property market, following significant falls in the value during the last six months.

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Ernst & Young: The Islamic Funds and Investments Report

Ernst & Young: The Islamic Funds and Investments Report

The Islamic wealth management industry has grown tremendously in recent years. With the economic landscape in the region, increasing wealth and strengthening demand for Shari’a complaint investments indicates immense potential for further growth of the industry.

Reflecting these developments, the Ernst & Young Islamic Funds & Investments Report 2007 identifies key trends in the Islamic wealth management industry and highlights the implications of these for industry players.

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Keeping the faith: Shariah-compliant services in India

Express Money: Keeping the faith: Shariah-compliant services in India

Shariah-compliant services are emerging as the next hot trend in the financial space in India. Already quite a rage in the Middle East, these services are picking up pace in India as well. In the first week of this month, Reliance Money announced the launch of its Shariah-compliant Portfolio Management Services (PMS) in partnership with Parsoli Corporation.

In addition, a number of mutual fund houses like Reliance Mutual Fund, Way2Wealth, Edelweiss and UTI Asset Management also plan to launch Shariah-compliant services in the coming months.

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Experts to review Islamic investments strategy: Annual World Islamic Funds & Capital Markets Conference

Experts to review Islamic investments strategy: Annual World Islamic Funds & Capital Markets Conference

More than 400 international and regional leaders are set to discuss growth opportunities in Islamic investments industry.

The 4th Annual World Islamic Funds & Capital Markets Conference (WIFCMC 2008), which will be held at Gulf International Convention Centre, Bahrain on May 26 & 27, will be inaugurated by Central Bank of Bahrain governor Rasheed M. Al Maraj.

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