DWS introduces Islamic funds to Singapore
DeutscheÆs retail arm is the first international player to register sharia-compliant funds in the Lion City.
DWS Investments, the retail mutual funds arm of Deutsche Asset Management, has introduced a sharia-compliant funds capability. It has launched a mutual funds range, the DWS Noor Islamic Funds, in Singapore, the United Arab Emirates and Bahrain.ôWeÆre not launching these to have a æhitÆ,ö says Michele Bang, head of sales for Asia ex-Japan at DWS in Singapore. ôThis is not an IPO type of thing. There has been limited awareness of Islamic asset management, or choice of Islamic funds, in …
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