Islamic Banking

Deutsche Launches Shariah Funds Range

Paul Adams, Geneva, 8 December 2006

articleimage

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.

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes