Year
2002
Country
United Kingdom
Language
English
Abstract
Historically, National Commerical Bank (NCB) has been a pioneer in the field of Sharia-compliant investment. NCB's Al-Ahli Global Trading Equity Fund proved highly popular from the start and continues to dominate the Islamic shari`a-compliant equity sector. The GTEF is based on exclusion of prohibited industries, the financial ration screens (minimize inclusion of interest), and the prohibition of certain types of transactions (short sales and derivatives). NCB's other funds include regional funds, sector funds, short-term funds, and capital-protected funds. The challenge ahead is to continue creating funds that meet investors' demands and mirror conventional products as they are developed.
English
ISSN/ISBN
0955-095X
No. of Pages
pp. 11-13
Volume
No. 122 (September)
Select type of work
Name of the Journal
CIS Program Old
CIS publications
No
CIS Thesis
No