The Eurekahedge Global Islamic Fund Database is a global database of 821 live and obsolete Shariah compliant funds that provide their investors (usually Muslims) exposure to financial markets inside a framework that is deemed ethical under the principles of Islamic jurisprudence. Generally, these principles require that investors avoid interest (riba) and investments in businesses that provide goods or services going against the spirit of Islam. Islamic funds constitute a fast growing sector of the wider Islamic finance industry that is expected to grow past the US$2 trillion mark by the end of 2015.
The key contents of the Eurekahedge Global Islamic Fund Database are:
The audience for the Eurekahedge Global Islamic Fund Database are investors interested in Shariah compliant wealth management vehicles, as well as non-Muslim investors seeking access to socially responsible investment funds. The database has a number of high performing funds along with their complete manager profiles that can cater to the investment needs of institutional investors, sovereign wealth funds, pension funds, insurance companies and private investors seeking to diversify their holdings across the Islamic finance space. With performance and AUM data spanning over 20 years, the database provides comprehensive coverage across all geographies and asset classes for academic researchers as well.
1. As at 29 Mar 2017.
2. Live funds are those that are presumed to be actively trading.
3. We consider long only absolute returns funds as a subset of long short equity with a 'long bias'. They have an identical business structure to a long short funds but tend to charge slightly lower fees.
4. Please note we are referring to funds and not management companies. There are many more management companies that run more than US$1bn in alternative assets that do not have a single billion dollar fund.
Eurekahedge databases track over 91 qualitative and data points and 39 statistical measurements per fund, making it easier to analyse managers performances.
Eurekahedge provides access to the latest information you need for your investment decisions. 94% of all NAVs are updates by month-end.