Ethical mutual funds
FBNQuest Launches the FBN Halal Fund for Ethical Investing In a bid to provide investors with investment options that improve financial inclusion and align with ethical beliefs, FBNQuest Asset Management, a subsidiary of FBN Holdings recently launched the FBN Halal Fund. Regulated by the Securities and Exchange Commission (SEC), the FBN Halal Fund is an open-ended mutual fund designed to meet the needs of investors seeking long-term income generation, as it offers an opportunity for exposure to a broad range of fixed income Shariáh-compliant investments. The FBN Halal Fund is an open-ended Fund, which offers a key benefit of providing flexibility and liquidity for investors with ease of entry and exit. Returns from the Fund will be distributed to unitholders semi-annually. In order to provide investors with confidence regarding strict adherence to Shariáh principles, the FBN Halal Fund will adopt a best practice approach with its governance structure through a Shariáh Advisory Co...