Search results
Results from the WOW.Com Content Network
Islamic mutual funds—i.e. professionally managed investment funds that pools money from many investors to purchase securities that have been screened for sharia compliance—have been compared with "socially responsible" mutual funds—both seeking some combination of high returns/low risk like conventional funds, but also screening their ...
Islamic funds are professionally managed investment funds that pool money from many investors to purchase securities that have been screened for sharia compliance. They include mutual funds holding equity and/or sukuk securities, [ 397 ] [ 398 ] but also Islamic "alternative" funds deal in "anything from private equity and real estate to ...
The Fund does not invest in interest-paying instruments (riba) frequently used by mutual funds as temporary investments, and instead may hold cash on a temporary basis. Diversification - The Fund offers diversification with a portfolio of over 300 Shariah Compliant companies in diverse business sectors.
Compliance: The assets that back sukuk should be compliant with Shariah. Bonds need only comply with laws of country/locality they are issued in. [41] [42] Pricing: The face value of a sukuk is priced according to the value of the assets backing them. Bond pricing is based on credit rating, i.e. the issuer's credit worthiness. [41] [42]
The DJIM measure the performance of a global universe of investable equities that have been screened for Shari’ah compliance consistent with Dow Jones Indexes’ methodology. The selection universe for the DJIM family of indexes is the same as the universe for the Dow Jones World Index, a broad-market index that seeks to provide approximately ...
The Amana Developing World Fund was created in 2009. All three funds are managed according to Islamic principles. Traditional mutual funds are off-limits to Muslims, because they typically contain securities that are forbidden by sharia law. Accordingly, the Amana Funds are managed under strict guidelines to comply with Islamic principles.
Profit and Loss Sharing (also called PLS or participatory banking) refers to Sharia-compliant forms of equity financing such as mudarabah and musharakah.These mechanisms comply with the religious prohibition on interest on loans that most Muslims subscribe to.
Takaful (Arabic: التكافل, sometimes translated as "solidarity" or mutual guarantee) [1] is a co-operative system of reimbursement or repayment in case of loss, organized as an Islamic or sharia-compliant alternative to conventional insurance, which contains riba (usury) and gharar (excessive uncertainty).