IslamiQ opens funds supermarket for Muslim investors

IslamiQ opens funds supermarket for Muslim investors

IslamiQ, the world's first portal dedicated to Muslim investors has launched IslamiQFunds, an online fund supermarket compliant with Shari'ah principles.

Currently, the majority of Islamic funds are mainly targeted at large institutions and high net worth individuals. The IslamiQFunds service aims to offer greater choice to the wider Muslim investor base, by opening up access to a wider range of investment products. The service will also provide Shari'ah advice on the funds displayed.

IslamiQ currently offers both access to and analysis of eighteen Islamically structured funds, which account for around a fifth of the total Islamic funds market. More products are expected to join the site during the current quarter. The funds currently featured include those managed or sponsored by The International Investor, Royal Bank of Canada, and Pictet & Cie.

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