AGI offers equity funds in compliance with Islamic law

Points of Essence:

• Germany based Allianz Global Investors added two Shariah compliant equity funds, namely, Allianz RCM Islamic Global Equity Opportunities and Allianz RCM Islamic Global Emerging Markets Equity, to its list of investment portfolios.

Allianz RCM Islamic Global Equity Opportunities and Allianz RCM Islamic Global Emerging Markets Equity invest in Sharia-compliant equities

2 Oct 2008 , Frankfurt : Allianz RCM Islamic Global Equity Opportunities and Allianz RCM Islamic Global Emerging Markets Equity are two new equity funds listed by Allianz Global Investors in Germany, which both abide by the principles of the Sharia. While Allianz RCM Islamic Global Equity Opportunities opens opportunities for investors to build up a global equity portfolio, Allianz RCM Islamic Global Emerging Markets Equity concentrates on companies from emerging countries which conform to Sharia guidelines.