Professional Documents
Culture Documents
Q4 2011
IN THIS ISSUE
PREMIUM REPORTS ONLINE To date, weve published 10 premium reports that our team usually delivers exclusively to our clients on our web site. ISLAMIC INVESTOR IPHONE The only iPhone application that tells you if a stock is Shariah compliant or not, gives you a detailed report explaining why, and alerts you if it changes status. UPCOMING EVENTS See us at these upcoming events Q&A The top questions weve heard about Islamic fund management and their answers
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The published reports are all screened according to the Shariah mandate as defined by the AAOIFI (Accounting and Auditing Org anization of Islamic Financial Institutions). IdealRatings clients can order any premium report according to their choice of mandates.
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IDEALRATINGS NEWSLETTER
Q4 2011
Excellent App
August 25, 2011 "I have been using this app for almost 3 weeks now. it's the best resource on Shariah compliant stocks. the reports are easy to read and the green/red color scheme is easy to follow
iPhone/iPad/iPod Application
The Islamic Investor Until now Islamic finance services such as knowing which stocks are Shariah compliant or not are only available to institutions subscribing to specific data service providers such as IdealRatings or index providers for instance. These subscriptions might be feasible for institutions but for individual investors who are willing to invest in the stock market subscribing to such a service in order to fulfill their ethical and religious views is not feasible. IdealRatings as a strong believer in Islamic Finance and having the objective to make Islamic investment information available to all Muslim investors who are willing to invest according to their ethical and religious beliefs, decided to provide a retail product for individual investors and to offer it for free. IdealRatings Islamic Investor is the only iPhone application that tells you if a stock is Shariah compliant or not, gives you a detailed report explaining the reasoning of the compliance status, and alerts you if a company changes the compliance status. IdealRatings is the most trusted provider of accurate, and timely, Islamic Finance information. Most Islamic index providers, and financial institutions in 12 countries rely on IdealRatings to
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create and manage their Islamic,Shariah compliant products. Our data is available directly, or on Thomson Reuters and Bloomberg terminals. Features: - Find out, instantly, if a stock in your local market is Shariah compliant or not. - Learn why by reading a detailed report. - Explore Shariah compliant stocks from the Top Stocks and Featured sections. -Track the compliance of your favorite stocks. - Receive an alert if a stock changes compliance status. -Share your findings with your friends and colleagues.
Upcoming Events
IFN Issuers & Investors Asia Forum 17 - 19 October 2011, Kuala Lumpur, Malaysia. Entering its 6th year and recognized as the industrys leading and largest annual event in Asia WIBC - The 18th World Islamic Banking Conference 21 - 23 November 2011, Manama, Bahrain. The Worlds Largest Annual Gathering of International Islamic Finance Industry Leaders.
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IDEALRATINGS NEWSLETTER
Q2 2011
Q&A
Who wrote the compliance criteria (rulebook) that you use while screening stocks in your Islamic Investor iPhone application? AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions). These criteria represent what we've seen as the most commonly used rulebook globally, they were deduced by qualied scholars in Islam and nance to screen companies that they see t for investment by observant Muslims. We do realize however that there is no single standard to determine what is Halal or Haram, but we determined that this should at least give an initial opinion for individual investors. Business To Avoid: Total non-permissible income not to exceed 5% of the total income generated by the company. Non Permissible Income is dened as income generated from: Interest Income from operating or non operating activities Adult Entertainment Alcohol Cinema Conventional Banking Activities (Banking, Mortgage, Conventional Financial Services, Conventional Insurance) Gambling Defense & Weapons Hotels Pork Tobacco Financial Screening: Cash & Interest Bearing investments should not exceed 30% of the Average Market Cap. during the previous 12 Months. Interest Bearing Debts not to exceed 30% of the Average Market Cap. during the previous 12 Months. Total Sum of the liquid Assets should not exceed 67% of the Average Market Cap. during the previous 12 Month. Companies change business activities by buying other companies, or entering into new businesses, they also change their nancial's by borrowing more, or paying back loans that they owed. Because of these, and many other corporate actions, we constantly track and screen companies for compliance. Our analysts analyze every company to insure that its nancial's and business activities are compliant with the criteria dened by AAOIFI. We also update the nancial information like closing price, p/e, Exchange, Market capitalization, etc... on daily basis. What are the criteria for Shariah compliance (rulebook) that you use while screening stocks in your Islamic Investor iPhone application?
How do you determine that a stock is Shariah compliant in your Islamic Investor iPhone application?
Global and regional nancial institutions in more than 10 countries rely on our service to manage their Islamic products, for a sample list of our clients click here
Disclosures: This research is for our clients only. This research is based on current public information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on as such. The research reports are published at irregular intervals based on clients request or as appropriate in our analysts judgment. This research is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction especially where such an offer or solicitation would be illegal. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. Clients should consider whether any advice or recommendation in this research is suitable for their particular circumstances and, if appropriate, seek professional advice, including tax advice. The price and value of investments referred to in this research and the income from them may fluctuate. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. Fluctuations in exchange rates could have adverse effects on the value or price of, or income derived from, certain investments. Copyright 2011 IdealRatings, Inc. No part of this material may be (i) copied, photocopied or duplicated in any form by any means or (ii) redistributed without the prior written consent of IdealRatings, Inc.
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