New Book Details Opportunities for Investors in Islamic Funds
Investing in Islamic Funds Offers a Practitioner’s Perspective on Islamic
DES MOINES, Iowa -- November 6, 2013
The Principal Financial Group^® is proud to introduce Investing in Islamic
Funds: A Practitioner’s Perspective, a new book from Datuk Noripah Kamso.
Kamso was the founding CEO of CIMB Principal Islamic Asset Management, a joint
venture partnership between Principal Global Investors and CIMB Group Holdings
Berhad, the largest Asia Pacific (ex-Japan) investment bank and the world's
largest Islamic banking group.
Larry Zimpleman, president, chairman and CEO of The Principal^®, who
contributed the foreword for Investing in Islamic Funds, said, “It’s been an
honor to know and work with Noripah these last 10 years. I congratulate her on
a wonderful accomplishment and encourage investors everywhere to pay close
attention to the insights shared within this important book. The Principal has
long been a supporter of Islamic finance, as evidenced by the $2.1 billion^1
in assets under management at CIMB Principal Islamic Asset Management. Islamic
finance’s impressive growth over the past 30 years should have both retail and
institutional investors paying very close attention to this market.”
Investing in Islamic Funds explores the principles of Islamic investing to
share its benefits and help demystify this important investment market, for
Muslims and non-Muslims alike. The book:
*Shares evidence needed to validate the resilient performance of Islamic
equity and fixed income asset classes during down-trending markets and the
volatile periods of the last six years.
*Provides guidance to position Islamic investing to all types of investors.
*Reveals the untapped demand of 1.57 billion Muslims representing 23
percent of the global population.
*Examines data bearing out the qualitative and quantitative benefits of
Institutional investors, financial services practitioners, sophisticated
investors, regulators and scholars will gain an industry insider’s perspective
on what can drive the possible success of Islamic funds internationally.
About Noripah Kamso
Noripah Kamso is currently an Advisor to CIMB Islamic. She was previously the
CEO of CIMB Principal Islamic Asset Management Sdn Bhd. Since 2008, she has
successfully established a platform for the firm to extend its reach across
the globe. Previously she served as the CEO of CIMB-Principal Asset Management
Berhad, where she pioneered the listing of the world's first Regional ASEAN
Exchange Traded Fund, "CIMB ASEAN 40 ETF" on the Singapore Exchange in 2007.
She is a two-time winner of the Marketing Personality of the Year Award (2005
& 2006) by Asia Asset Management for the Asia Pacific region, CEO of the Year
for Malaysia (2007) and Personal Achievement Award for contribution to Islamic
Asset Management by International Takaful Summit, London (2012). Besides
serving as a council member of the Federation of Investment Managers Malaysia
(FIMM), she was the past president of the Malaysia Futures Brokers Association
About CIMB-Principal Islamic Asset Management Sdn. Bhd.
CIMB-Principal Islamic Asset Management Sdn. Bhd. is a partnership between
Principal Global Investors and CIMB Group Holdings Berhad. CIMB-Principal
Islamic is committed to offering Islamic investment solutions that best meet
institutional global investors' needs and objectives. The Company is part of
the Malaysian International Islamic Finance Centre community and is one of the
first global Malaysian-based Shariah compliant asset managers.
About the Principal Financial Group
The Principal Financial Group^® (The Principal^®)^2 is a global investment
management leader offering retirement services, insurance solutions and asset
management. The Principal offers businesses, individuals and institutional
clients a wide range of financial products and services, including retirement,
asset management and insurance through its diverse family of financial
services companies. Founded in 1879 and a member of the FORTUNE 500^®, the
Principal Financial Group has $466.2 billion in assets under management^3 and
serves some 19.0 million customers worldwide from offices in Asia, Australia,
Europe, Latin America and the United States. Principal Financial Group, Inc.
is traded on the New York Stock Exchange under the ticker symbol PFG. For more
information, visit www.principal.com.
^1 As of Sept. 30, 2013.
^2 “The Principal Financial Group” and “The Principal” are registered service
marks of Principal Financial Services, Inc., a member of the Principal
^3 As of Sept. 30, 2013.
Principal Financial Group
Adam Lackey, 515-362-0482
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