Islamic investment wealth management funds allow Islamic
investors to invest in funds structured through Shariah-compliant
contracts. The funds invest in shares or units of Shariah-compliant
assets.
Increasingly, Islamic funds have been authorised by a variety of
international regulators and listed on international exchanges.
This has provided Islamic wealth management with a growing global
audience with mainstream financial institutions providing Islamic
investment funds.
Characteristics of an Islamic fund
In many respects, the structural characteristics of a
Shariah-compliant fund will not differ from those of a conventional
investment fund. For example, the choice of legal structure for the
investment vehicle and the choice of jurisdiction will still be
driven by considerations such as:
