Oasis Global Funds Receive Standard And Poor's Rating Upgrade

by Philip Morton, Investors Offshore

16 August 2006

It was announced on Tuesday that the Oasis Global Funds have had their rating upgraded to the coveted 'AA' rating by Standard and Poor’s Fund Management Ratings.

This rating confirms that since their inception the Shari’ah compliant Crescent Global Equity Fund and the conventional Oasis Global Equity Fund have both consistently outperformed their respective benchmarks.

Both the Crescent Global Equity Fund and the Oasis Global Equity Fund provide investors with exposure to the upside potential of a diversified selection of equities from around the world.

According to the asset management group:

"Oasis has always played a leading role in the Shari’ah investment arena and it will remain a dominant player in this rapidly growing sector as it continues to strengthen its international profile amongst institutional and retail clients."

"In recognition of Oasis’s contribution to Islamic Finance, the company received the HH Sheikh Mohammed bin Rashid Al Maktoum Award for Achievement in Islamic Finance in the United Arab Emirates. This is the most prominent award in the global Islamic Finance and was complemented by the recent accreditation of the Crescent Global Equity Fund at a presentation in Bahrain as the best Islamic Global Equity Fund in 2006 by Falaika International (a leading Islamic fund research and consultancy)."

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