Leading world-class managers adopt solution to establish and manage their Shariah compliant funds
SAN FRANCISCO, Calif., May 15, 2007-IdealRatings Corporation, a leading provider of social responsible based fund management solutions announced the general availability of IdealRatings’s service for Shariah fund managers.
The product delivers a breakthrough solution for portfolio managers enabling them to launch and operate Shariah compliant funds with unprecedented simplicity and low operating costs.
IdealRatings provides an integrated, research-wide view of instrument information collected from the global markets delivered as a service over the web. IdealRatings enables fund managers to research and monitor listed companies in 65+ countries covering approximately 95% of the global market capitalization, with customizable Shariah rule books to include managed accounts guidelines to satisfy institutional investors’ need for more in depth fund monitoring, and ultimately allow portfolio managers to focus on Alpha generation.
The IdealRatings service starts with daily accurate 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 screened data is securely delivered using state of the art web technology that enables the users to perform in-depth research, analysis, and purification tasks.
“The Shariah compliant investment market is growing at more than 25% per year, yet till now, fund managers had to rely on manual or non-scalable approaches to establish and manage their funds, our global customers tell us we solved that pain” says Mohamed Donia, Co-founder of IdealRatings
“The rapid growth in the Shariah compliant investment market creates the business imperative to have complete and accurate information about the fund to support a range of decisions. Ideal Ratings is delivering industry leading solutions to the market place” Says Youssri Helmy, Co-founder and CEO of IdealRatings.
The IdealRatings Shariah service is available immediately, for further information, please contact Ideal Ratings at:
IdealRatings is a service for financial institutions to drive Alpha generation by identifying Shariah compliant instruments globally and managing the overall Shariah fund management process. Ideal Ratings is geared for portfolio managers and analysts who need an enterprise-wide view to better manage and operate their Shariah compliant funds. IdealRatings, Inc. is headquartered in San Francisco, California. For more information, please visit www.IdealRatings.com.