Advising Barclays Global Investors on the establishment of three funds under the iShares programme, concerning the iShares operational processes and the fund documentation for the iShares.

The fund is designed to offer investors a long term return by tracking closely the performance of (i) the MSCI World Islamic Index, (ii) the MSCI Emerging Markets Index and (iii) the MSCI USA Islamic Index, by investing in a portfolio of Shariah compliant equities that mirrors the component constituents of the relevant index. Unlike conventional MSCI Indices, the Shariah-compliant iShares have a higher exposure to the energy, materials and technology sectors than to the financial sector. The product was subsequently launched on the London Stock Exchange.