Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

New Mutual Funds Observe Islamic Law
Investment Adviser ^ | December 7, 2006 | Kara Stapleton

Posted on 12/14/2006 10:29:00 AM PST by Choose Ye This Day

New Mutual Funds Observe Islamic Law

Deutsche Bank introduces Shari`a-compliant funds

Deutsche Bank has launched five mutual funds that comply with traditional Islamic law, or Shari’a, in response to what it said was a growing demand for Islamic investment products. Marketed as DWS Noor Islamic Funds, Deutsche Bank says they are the first to be Shari`a compliant and excludes investments in alcohol, gambling, or companies with large amounts of debt. "With DWS Noor Islamic Funds, our Islamic clients can rely on a strictly Shari`a-compliant framework while benefiting from attractive international investment opportunities usually only available as conventional mutual fund products," Scott Jaffray, DWS’s chief investment officer for the Middle East and North Africa, said in a statement.

Additionally, the funds are specialized due to the use of Dar Al Istithmar, a Shari`a advisory service created through a joint venture between Deutsche Bank, the Oxford Centre for Islamic Studies, and investment advisor Russell Wood, and whose Shari`a Board consists of five of the world's leading Shari`a scholars. The DWS Noor Islamic Funds will be offered now to investors in the United Arab Emirates and Bahrain, with plans to make them available in other countries in the region, Asia, and Europe next year.


TOPICS: Business/Economy
KEYWORDS: eurabia; investments; mutualfunds; sharia
We need to help Deutsche Bank (Dhimmi Bank?) come up with some good advertising and marketing slogans for their new funds.

"You're in Good (Bloody) Hands With Sharia"

Something along those lines.

1 posted on 12/14/2006 10:29:01 AM PST by Choose Ye This Day
[ Post Reply | Private Reply | View Replies]

To: Choose Ye This Day

Over my dead portfolio!


2 posted on 12/14/2006 10:32:14 AM PST by Niteranger68 (Life's greatest obstacle is in the mirror.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Choose Ye This Day

Excludes investments in alcohol, gambling, or companies with large amounts of debt, but investments in genocide, slavery, racism, mass murder, genital mutilation are just peachy.


3 posted on 12/14/2006 10:34:48 AM PST by tkathy (Sectarian violence? Or genocidal racists? Which is a better description of islamists?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Choose Ye This Day

There is a big American mutual fund thats been doing this for years. I think it's Humana. No alcohol companies, etc.


4 posted on 12/14/2006 10:34:58 AM PST by NeoCaveman (Where is my Reagan, Don't say it's John McCain. Where have all the conservatives gone? - P.Shanklin)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Choose Ye This Day

There is but one God, and Deutsche Bank is his profit.


5 posted on 12/14/2006 10:35:11 AM PST by eastsider
[ Post Reply | Private Reply | To 1 | View Replies]

To: Choose Ye This Day
Deutsche Bank: Our accounting gimmicks are tricky enough to fool even Allah.
6 posted on 12/14/2006 10:36:34 AM PST by KarlInOhio (Baker's Iraq Surrender Group - warming up the last helicopter out of Baghdad.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: KarlInOhio
Yep. The pen is mightier than the sword.
7 posted on 12/14/2006 10:39:20 AM PST by b4its2late (Liberalism is a hollow log and a mental disorder.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Choose Ye This Day
"You're in Good (Bloody) Hands With Sharia"

LOL!!!

Also a slogan like this : "Sharia Life, the company you keep(for fighting infidels)

or... Infidelity Investments : Working toward an explosive market

8 posted on 12/14/2006 10:41:57 AM PST by KingArthur305
[ Post Reply | Private Reply | To 1 | View Replies]

To: Choose Ye This Day

So Islamic Mutual Funds rely on inside information by Terrorist within their cult to tell them what would be hit and when to make a profit?


9 posted on 12/14/2006 10:43:04 AM PST by A CA Guy (God Bless America, God bless and keep safe our fighting men and women.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Choose Ye This Day

Europe further sinking into dhimmitude.


10 posted on 12/14/2006 10:52:46 AM PST by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Choose Ye This Day

I thought making money off of interest is forbidden in the Koran. How does this work?


11 posted on 12/14/2006 10:53:22 AM PST by Lorianne
[ Post Reply | Private Reply | To 1 | View Replies]

To: Choose Ye This Day

I'm sure these funds will perform as well as the eco- or social-conscience funds etc. In other words, they'll tank.


12 posted on 12/14/2006 10:53:29 AM PST by Asclepius (protectionists would outsource our dignity and prosperity in return for illusory job security)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Choose Ye This Day

It is illegal under Islamic law to lend money, unless the money is borrowed at ZERO percent interest.

What is rate of return on these investments? Negative? Might do better with "pump and dump" schemes.


13 posted on 12/14/2006 10:54:13 AM PST by PetroniDE (We Don't Live in Texas Anymore --- State Name is Now TAXES !!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NeoCaveman

There are several funds like this for other groups. Other than that, the clients have specific guidelines on record with their investment advisor.


14 posted on 12/14/2006 11:03:14 AM PST by Jaded ("I have a mustard- seed; and I am not afraid to use it."- Joseph Ratzinger)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Jaded

I've always wanted to invest in a "Socially Irresponsibility" fund. One that would invest only in defesne cotractors, alcohol, tabacco, etc.


15 posted on 12/14/2006 11:09:48 AM PST by NeoCaveman (Where is my Reagan, Don't say it's John McCain. Where have all the conservatives gone? - P.Shanklin)
[ Post Reply | Private Reply | To 14 | View Replies]

To: PetroniDE

Nah, you just charge rent instead of interest.

Same thing, different name, different title holder.

Islam is nothing if not legalistic.


16 posted on 12/14/2006 11:10:40 AM PST by NeoCaveman (Where is my Reagan, Don't say it's John McCain. Where have all the conservatives gone? - P.Shanklin)
[ Post Reply | Private Reply | To 13 | View Replies]

To: NeoCaveman
I've always wanted to invest in a "Socially Irresponsibility" fund. One that would invest only in defesne cotractors, alcohol, tabacco, etc.

You can. It's called the Vice Fund (VICEX)

17 posted on 12/14/2006 11:21:53 AM PST by San Franistan
[ Post Reply | Private Reply | To 15 | View Replies]

To: San Franistan

Sweet!

Thanks. I'll look into it.


18 posted on 12/14/2006 11:23:21 AM PST by NeoCaveman (Where is my Reagan, Don't say it's John McCain. Where have all the conservatives gone? - P.Shanklin)
[ Post Reply | Private Reply | To 17 | View Replies]

To: NeoCaveman
There is a big American mutual fund thats been doing this for years. I think it's Humana. No alcohol companies, etc.

''''''''''''''''''''''''''''''''''''''''''''''''''''


Many mutual fund companies have socially conscious funds. They usually do poorly. Not sufficiently capitalistic (smile)
19 posted on 12/14/2006 11:38:43 AM PST by photodawg
[ Post Reply | Private Reply | To 4 | View Replies]

To: NeoCaveman
I've always wanted to invest in a "Socially Irresponsibility" fund. One that would invest only in defesne cotractors, alcohol, tabacco, etc.

NOW WE'RE TALKING !!!

Defense contractors, oil companies (U.S. and friendly gov't only), alcohol, tobacco, GAMBLING, and "adult films". Missing any categories?

20 posted on 12/14/2006 11:40:36 AM PST by PetroniDE (We Don't Live in Texas Anymore --- State Name is Now TAXES !!)
[ Post Reply | Private Reply | To 15 | View Replies]

To: NeoCaveman

When I worked for an investment management firm, we used to joke about wanting to set up the Couch Potato Fund.

It would invest in Playboy, cable TV, online gambling, booze, publicly traded strip clubs, and tobacco.


21 posted on 12/14/2006 11:44:00 AM PST by Xenalyte (Anything is possible when you don't understand how anything happens.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: NeoCaveman

There probably aren't any that are defined quite like that. I'd be a hoot though. Probably very popular too.

Wanna guess what the non-smoker's stock of choice used to be?


22 posted on 12/14/2006 11:55:45 AM PST by Jaded ("I have a mustard- seed; and I am not afraid to use it."- Joseph Ratzinger)
[ Post Reply | Private Reply | To 15 | View Replies]

To: San Franistan

gotta love it!


23 posted on 12/14/2006 11:59:13 AM PST by Jaded ("I have a mustard- seed; and I am not afraid to use it."- Joseph Ratzinger)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Choose Ye This Day

Keeping with Muslim traditions, I'm sure the fund will not invest in "Jewish" companies either.


24 posted on 12/14/2006 12:01:43 PM PST by The Great RJ ("Mir we bleiwen wat mir sin" or "We want to remain what we are." ..Luxembourg motto)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NeoCaveman
You can it is called Vice Fund stock symbol(VICEX)
25 posted on 12/14/2006 12:07:42 PM PST by BubbaBobTX (I wasn't born in Texas but I got here as fast as I could.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Asclepius
I'm sure these funds will perform as well as the eco- or social-conscience funds etc. In other words, they'll tank.

Not so my friend. I invest in Catholic Funds so I don't unknowingly promote abortion and the Ave Maria Fund has done quite well, also check out the Aquinas Fund. Of course there are some socially conscious funds that were pretty bad--stay away from the Women's equity fund--my broker talked me into that dog which I dumped as soon as I could.
26 posted on 12/14/2006 12:46:08 PM PST by adgirl
[ Post Reply | Private Reply | To 12 | View Replies]

To: NeoCaveman

There are several "socially responsible" funds, as they call themselves. Calvert, IIRC, is one of the biggest promoters.

The Ave Maria funds are similar in that they only invest in companies whose values jive with Catholic norms.


27 posted on 12/14/2006 2:38:10 PM PST by Choose Ye This Day (Despair is not a strategy.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: tkathy
Excludes investments in alcohol, gambling, or companies with large amounts of debt, but investments in genocide, slavery, racism, mass murder, genital mutilation are just peachy.

Gee, maybe they would be interested in my new invention, based partly upon meat packers' auto-knives, and the Veg-A-Matic, which I believe could speed up genital mutilations by 350%, while reducing cost/mutilation by 25-30%, based upon increased efficiency.

Of course, it only works on male members so far.

I tentatively call it the Lorena Imamutilator, Mark I.

28 posted on 12/14/2006 10:18:44 PM PST by ApplegateRanch (Islam: a Satanically Transmitted Disease, spread by unprotected intimate contact with the Koranus.)
[ Post Reply | Private Reply | To 3 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson