Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Products January 10, 2011
SEI Partnership Bolsters Shariah Lineup
January 10, 2011 (PLANSPONSOR.com) – SEI has partnered with Allfunds Bank to offer a greater choice of investment solutions for Shariah investors in the Gulf Cooperation Council (GCC).
Reported by PLANSPONSOR staff
The agreement brings together SEI’s Shariah asset management capabilities and Allfunds’ platform and intermediary services to give banks, wealth managers, and insurance providers the opportunity to access Shariah-compliant funds and deliver more efficient and diversified investment choices, according to a news release.
Launched in May 2007, the SEI Islamic Investment Funds provide investors with a Shariah-compliant program of four global equity funds with oversight from HSBC Amanah’s Shariah Committee, the announcement said.
These funds include the SEI Islamic US Equity, SEI Islamic Pacific Basin Equity, SEI Islamic European Equity, and SEI Islamic Emerging Markets Equity Funds. The funds use SEI’s Manager-of-Managers process to select, combine, and monitor investment managers. The SEI Islamic Investment Funds are domiciled in Dublin and offer daily liquidity.