Meridio AG chooses IdealRatings for global Islamic fund screening

SAN FRANCISCO, COLOGNE, MARCH 9, 2010: To respond to increasing demand for ethical, sustainable investments & high economic power of the Muslim community in Germany and Europe at large,
Meridio AG, a leading private wealth management in Germany,  is launching the “Meridio Global Islamic Multi Asset Fund”, an actively managed fund following the AAOIFI rule book and the fund’s ethics committee, with an international country focus. The fund will be investing in equity markets in Europe, USA, Japan, China, Indonesia, Malaysia, MENA, Turkey, and North Africa.

IdealRatings, Inc. is proud to be the Shariah screening provider for Meridio AG, and the fund management company Axxion S.A.

“We surveyed the Shariah compliance market extensively to find a provider with global coverage and a screening methodology that can accurately deliver a compliant universe according to our rule book, and we’re happy to have found IdealRatings, they research a very large number of equities meticulously and yet delivered a compliant universe according to our rule book immediately” said founder and CEO UWE Zimmer, “it’s usually very difficult to find the high quality we look for and maintain a very short time to market simultaneously”.

“We congratulate Meridio on its launch of this unique fund and its European focus, and we’re very excited to be the Shariah screening partner for such a reputable team” said Mohamed Donia, CEO of IdealRatings, Inc.

About Meridio: The Meridio Asset Management Inc., with headquarters in Cologne and offices in the cities of Neuss, Dueren and Hamburg is a well-known, independent asset manager in Germany since its founding in the year 1998. As a stock-exchange-listed company Meridio manages assets of private investors, institutional investors and private investment in nine figure value. Especially in the Middle East and the Arab world Meridio is a valued and strong financial partner; the company has many years of proven expertise and excellent personal connections in this region. The successful emission of the Meridio Arab World Fund in 2007 was a result of close relationships to which the Meridio Global Islamic Multi Asset now aims to connect.The Meridio Global Islamic Multi Asset fund is an actively managed multi-asset fund (100% equities and sukuk). For more informaiton please visit
About IdealRatings: IdealRatings is a service for financial institutions to drive Alpha generation by identifying Shari’ah compliant instruments globally and managing the overall Shari’ah fund management process. IdealRatings is geared for portfolio managers and analysts who need an enterprise-wide view to better manage and operate their Shari’ah compliant funds. IdealRatings, Inc. is headquartered in San Francisco, California. For more information please visit