SEI Shariah investment solution launches on Allfunds platform
- United Arab Emirates: Sunday, January 09 - 2011 at 09:49
- PRESS RELEASE
SEI, aglobal provider of outsourced asset management, investment processing, and investment operations solutions, announced a partnership with Allfunds Bank to offer a greater choice of investment solutions for Shariah investors in the Gulf Cooperation Council (GCC).
Launched in May 2007, the SEI Islamic Investment Funds provide investors with a Shariah-compliant program of four global equity funds with oversight from HSBC Amanah's Shariah Committee. These funds include the SEI Islamic US Equity, SEI Islamic Pacific Basin Equity, SEI Islamic European Equity, and SEI Islamic Emerging Markets Equity Funds. The Funds use SEI's Manager-of-Managers process to select, combine, and monitor some of the world's leading investment managers. The SEI Islamic Investment Funds are domiciled in Dublin and offer daily liquidity.
Commenting, Jahangir Aka, Senior Executive Officer, SEI Middle East said, "We are pleased to offer the SEI Islamic Investment Funds through the Allfunds platform to enable wealth management providers to present a broader range of investment choices to their Shariah clients. Diversification remains important for the Shariah investor and the SEI Islamic Investment Funds are designed to provide global equity exposure to a Shariah portfolio."
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