• HSBC

GFH advised UK Sharia'a equity fund breaks UK all companies sector top 10

The Insynergy UK Sharia'a Growth Fund, advised exclusively by Gulf Finance House's Asset Management division has broken into the top ten of 297 competing funds in the IMA UK All Companies sector for performance in 2009.

Insynergy selected GFH as their advisors on UK Sharia'a equities in October 2008. The fund is distributed in the UK through AXA; one of the world's leading financial institutions.

Gulf Finance House's Asset Management team deploy a systematic, process driven, methodology that closely analyses a host of criteria relating to UK Sharia'a equities.

The success that GFH has achieved in becoming the advisor to the Insynergy UK Sharia'a Growth Fund is an indication of demand in the marketplace for the more conservative fundamentals that underpin Sharia'a asset classes.

Commenting on the success of the Fund, GFH Group Director of Investments, Thomas Waring said:
"As one of the leading Islamic investment banks in the Middle East, GFH is a natural advisor to foreign markets where Sharia'a financial instruments are experiencing significantly increased demand. We are delighted to be providing an exclusive advisory role to an exciting and innovative asset management business. The performance of the Insynergy UK Sharia'a Growth Fund underlines the exceptional ability present in our asset management division and the key role it will play in GFH's continued diversification."


GFH's principal advisor to the Fund, Ian Lancaster, added: "Naturally we're very pleased with the success of the Fund and it reinforces the appetite in the marketplace for companies built on strong foundations. Given the global financial climate we're operating in, equity investors have a new appreciation of the measured principles that underpin Sharia'a securities - so much so that Sharia'a compliant equities are significantly outperforming conventional equities."
 
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About Gulf Finance House
Founded in 1999, Gulf Finance House has grown rapidly to become one of the most respected investment banks in the Middle East region in terms of the quality and innovation of its product offerings. Over a decade Gulf Finance House has successfully launched economic infrastructure development projects and investments with an aggregate end value exceeding US$30 billion and received numerous awards for its innovative approach to Islamic banking and finance. Its shares are actively traded on the London Stock Exchange (GDR), the Kuwait Stock Exchange, the Bahrain Stock Exchange and the Dubai Financial Market.

Reflecting its international reputation, Gulf Finance House has won numerous local and international awards, such as "Best Investment Bank" for three years in a row in 2005, 2006 and 2007, awarded by The Banker Middle East, "Bank of the Year 2006" awarded by the Arabian Business Magazine, "MENA Investment Bank of the Year 2008" by Acquisitions Monthly, and "Best Investment Bank 2008", by Islamic Banking and Finance.

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Ahmed Al Derazi
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