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IdealRatings launches Shariah Fund Management solution in the MEA region

United Arab Emirates: Thursday, November 15 - 2007 @ 10:22

IdealRatings, an innovative financial service that identifies Shariah compliant instruments globally and delivers solid performing options for its clients, has launched at Islamic Funds World 2007, held from November 12th – 15th at the Shangri-la Hotel, Dubai.

“The Shariah compliant investment market is growing at more than 25% per year, yet Fund Managers rely on a manual or non-scalable approach to set up and manage their Funds. We are in a position to help the region’s Fund Managers and Investors by providing them with an intelligent solution that boasts an advanced Shariah compliant fund screening process at the touch of a button,” explains Youssri Helmy, Co-founder and CEO, IdealRatings.

“In effect this will enable Fund Managers to easily share more timely and accurate analysis with their investors ultimately delivering higher performing Shariah compliant investment fund portfolios.”

As a major sponsor of the event, IdealRatings will be showcasing its latest Shariah focused products and service offerings. Co-founder and CEO of IdealRatings, Youssri Helmy, will be making a presentation, discussing how IdealRatings is helping to boost Shariah fund performance through real-time awareness of key top performing Shar’iah sectors and index performance metrics.

The IdealRatings™ service features daily market data provided by the top three market data and fundamentals providers, Thomson Financial™, Reuters™, and Interactive Data Corporation. The data feeds are then screened using proprietary software and manual researchers to accurately classify companies’ activities according to Shariah permissibility rules.

Finally, the filtered data is securely delivered using state-of-the-art web technology that enables users to perform in-depth research, analysis and purification tasks to effectively screen for Shariah compliant funds.

IdealRatings™ provides an integrated, research-wide view of instrument information collected from global markets and delivered as a service over the web. IdealRatings™ enables fund managers to research and monitor the best available universe in the market totaling more than 30,000 equities in over 65 markets covering approximately 95% of the global market capitalization.

Islamic Funds World Dubai 2007 is also an ideal event for IdealRatings to meet with current and prospective customers as well as key influential players within the Islamic funds and wealth management industry. IdealRatings will bring to the table its outstanding success with existing customers, as well as its innovative product range and outlook to supplement its offering to enhance customer satisfaction.

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Thursday, November 15- 2007 @ 10:22 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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