Citibank Launches Shari'a-compliant Funds

Citibank will make available to its customers the full range of DWS investment products which also include the Shari'a-compliant 'DWS Noor Islamic Funds'.

Citibank Launches Shari'a-compliant Funds
Citibank will make available to its customers the full range of DWS investment products which also include the Shari'a-compliant 'DWS Noor Islamic Funds'.

DWS Noor Islamic Funds developed by DWS Investments, Deutsche Bank Deutsche Bank's mutual fund arm

Dubai- Citibank, a member of Citi, recently entered into a distribution arrangement with DWS Investments, the global mutual fund arm of Deutsche BankDeutsche Bank, whereby Citibank will make available to its customers the full range of DWS investment products which also include the Shari'a-compliant 'DWS Noor Islamic Funds'.

DWS Noor Islamic Funds have been developed to meet the specific needs of retail and institutional Islamic investors. The DWS Noor family of funds includes: DWS Noor Precious Metals Securities Fund, DWS Noor Global Select Equity Fund, DWS Noor China Equity Fund, DWS Noor Japan Equity Fund and DWS Noor Asia Pacific Equity Fund.

For a minimum investment of US$5,000 in DWS Noor Islamic Funds, investors will benefit from the potential to invest in all regions and sectors, including the option to participate in IPOs.

"CitibankCitibank has been active in the area of providing Shari'a-compliant investment solutions and has already adopted an ethnic approach to this segment by appointing a UAE National Segment Head," said Sanjoy Sen, CitibankCitibank's Country Business Manager for UAE. "The DWS Investments tie-up is a further reiteration of this big step of providing unique and sophisticated Islamic products to investors in the UAE that complement our existing Shari'a-compliant investment product range."
Last Mod: 15 Mayıs 2007, 10:35
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