Dubai Islamic Bank (DIB) has launched a new Sharia-compliant Asia Pacific Equity Fund for regional investors to participate in the growing economy of Asia.DIB has been doing unprecedently well in establishing key investments, products and services in the Islamic financial sector.
The Asia Pacific fund aims to provide medium to long-term capital appreciation by investing in Sharia-compliant companies within the Asia Pacific region (excluding Japan).
According to DIB, capitalizing on the sustained economic growth and increasing wealth across the APAC region, the fund is offered by Prudential Asset Management, based at DIFC.
The fund benchmarked against the Dow Jones Islamic Market Asia Pacific ex-Japan Index, participation in the fund allows investors to gain exposure across a range of growth countries and industries through a single platform.
Dubai Islamic Bank deputy CEO - chief of consumer and wholesale banking Adnan Chilwan said this new product is in line with DIB's commitment to introduce pioneering, high quality financial products.
"It is designed for our valued high net worth customers who understand the opportunities presented by the Asia Pacific equities markets, and would like to capitalise on the same," Chilwan said. DIB can further excel with the expansion and funding of such beneficial funds which will help to spur the Islamic financial industry in the Asia Pacific region.
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