Mondial to offer Shariah Compliant Dsam Kauthar Funds

Mondial, a highly-successful investment advisory firm serving over 8,000 retail clients with more than $1bn in assets, began in Dubai in 1988. With its vision to build a world-class, client-driven financial planning and wealth management consultancy business, Mondial provides financial advice and makes product recommendations through its team of trained financial consultants.

Recognizing the growing demand from clients in the Middle East and Asia for Shariah compliant products, Mondial/Financial Partners recently embarked on a strategy to address the needs of Islamic investors in the UAE, Indonesia, Malaysia, Singapore, Hong Kong, Australia, and India. This effort not only involves educating and training its personal advisors but also requires researching and selecting high quality investment products for those advisors. Mondial's announcement today is one of several steps to build a platform of disciplined, strategy-specific funds that will enable it to attract Shariah compliant investors to Mondial, expand its global brand to Muslim communities, and replicate the success it has enjoyed with conventional investment clients.

Originally geared to institutional investors, the DSAM Kauthar Funds will revise their investment terms to accommodate Mondial's clients. The DSAM Kauthar Gold Fund, for example, will allow a lower investment contribution and provide weekly liquidity. These terms, competitive with those of similar funds, will allow investors access to some of the world's most successful fund managers. DSAM's transformation to a retail-focused business model will be accompanied by the addition of a senior takaful industry veteran to its staff and more initiatives with firms like Mondial.

Commenting on the announcement Ahmed Bin Sulayem, Executive Chairman, Dubai Multi Commodities Centre Authority, said, "The DMCC continues to play a leading role in the evolution of the financial industry in the region. Our Shariah-compliant commodity funds have an outstanding performance record and we are pleased to now be able to offer these exciting and innovative products to Mondial."

Mondial CEO, Sean Kelleher said, "Proven Islamic investment products are an important part of our investment consultancy business as we launch our initiatives in this area. We are delighted to partner with DMCC and utilize the DSAM Kauthar Funds."