First Islamic CTF launched

Scheduled to go live in September, the product will be an actively-managed global equity fund designed to meet the requirements of Islamic law and managed by a board of scholars. Ian Lewis MP, economic secretary to the Treasury and Dr Akber Mohamedali, treasurer of the Muslim Council of Britain attended the launch, along with David White, chief executive of the Children’s Mutual. White says all parents from every community should have the opportunity to make provision for their child’s financial future. ”Working with the Muslim community to launch this stakeholder account means compli...