Global Launches New Islamic Fund Of Funds

May 15 2007 | 11:38am ET

Global Investment House has launched the Global Islamic Fund of Funds, an open-ended vehicle investing in local and international Shariah-compliant funds.

The offering’s strategy is to invest the majority of its assets in a core of carefully selected Islamic funds that complement each other in risk and return, according to the firm. It will also invest in low risk instruments to reduce the overall volatility of the portfolio. Additionally, the fund may invest in all types of funds similar to equity, real estate, hedge funds and private equity funds compliant with the Islamic law.

Global has teamed up with AlRayah Consultancy to review and confirm that all the underlying managers comply with the Shariah.

The fund’s minimum subscription is US$25,000 with a monthly subscription frequency and quarterly redemptions after the lockup period.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...