Salama in tie-up to offer three Islamic funds |
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SalamaSalama
, the world's largest takaful and re-takaful group, has tied up with Crédit Agricolé Asset Management (Caam) Group to offer a bouquet of Shariah-compliant funds to investors.The three Islamic funds are Bric (Brazil, Russia, India and China) quantitative fund, an active Asian equities ex-Japan and a Global Equity fund of Islamic funds.
The funds give investors the opportunity to diversify their equity asset allocation through different investment processes (quantitative, active and multi-management) or country exposure (Bric, Asia ex-Japan, Global Equities).
Caam has set up a Shariah supervisory board to advise its investment managers on Shariah matters.
Noel D'Mello, General Manager-Family Takaful, SalamaSalama
, said: "With this partnership, SalamaSalama has demonstrated yet again its commitment to bring the best fund managers and funds available in the Islamic space from across the globe to the doorstep of UAE residents. SalamaSalama is able to offer these Caam funds to the ordinary investor for Dh200 per month in regular savings or a Dh30,000 single contribution."Jean-Michel Bourgoin, Deputy Head of International Client Development at Caam Group, said the group through a long-standing relationship with Middle East investors has been managing for 15 years Shariah-compliant solutions.
By Staff Writer
© Emirates Business 24/7 2009
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