Islamic funds offer defence as crisis deepens

02 Dec 2011

With the prospect of increasing volatility in European and US markets hitting credit and equity market returns in 2012, Malaysia’s CIMB-Principal Islamic Asset Management has added its weight to the argument that Islamic finance provides a compelling alternative to conventional investments.

Kuala Lumpur-based CEO Noripah Kamso said that Islamic indices had shown greater resilience than conventional counterparts during volatile periods by producing both higher returns and lower volatility. She believes the screening methodology of the Shariah investing approach establishes a more stable portfolio by favouring stocks which have lower ...

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