Deutsche Bank, through its global mutual fund arm DWS Investments, has announced details of its first Shariah compliant mutual fund capabili...

Deutsche Bank, through its global mutual fund arm DWS Investments, has announced details of its first Shariah compliant mutual fund capability. A specialist fund range, to be marketed as DWS Noor Islamic Funds, has been developed to meet the specific needs of Islamic investors. Initially, the range will be offered to retail and institutional investors in UAE and Bahrain, with plans to expand the offering to other countries in MENA, Asia and Europe in 2007. The first five DWS Noor Islamic Funds are: - DWS Noor Precious Metals Securities Fund; - DWS Noor Global Select Equity Fund; - DWS Noor China Equity Fund; - DWS Noor Japan Equity Fund; - DWS Noor Asia Pacific Equity Fund.