Only six funds outperform benchmarks

Islamic Banker has chosen Oasis Crescent Global Equity Fund as the best performing fund for the year 2001, returning –1.57 percent in a year where none of the Islamic equity funds yielded a positive return. The rankings could be improved upon by incorporating ratings on a geographic basis, and the study encountered difficulty in certain cases due to a lack of transparency, high turnover rates, and disparities in the amount of information provided by companies.