Business Daily Media

Men's Weekly

.

Prudential launches PRULink Islamic Global Equity Index Fund

SINGAPORE - Media OutReach - 11 July 2023 - Prudential Singapore ("Prudential") has launched PRULink Islamic Global Equity Index Fund[1], its first fund which complies with Shariah requirements through its underlying fund and index.

It addresses the specific needs of Muslim customers and allows them to invest in globally diversified equities that adhere to Shariah principles.

The fund feeds 100 per cent into the underlying Shariah-compliant HSBC Islamic Global Equity Index Fund, which closely tracks the performance of the Dow Jones Islamic Market Titans 100 Index.

The global Islamic finance industry is estimated to be worth some US$2.2 trillion and anticipated to grow to US$4.94 trillion by 2025.[2]

Mr Ben Tan, Chief Corporate Development Officer of Prudential Singapore, said that the PRULink Islamic Global Equity Index Fund appeals to Muslim customers and also to customers who want to make socially responsible investments.

"Doing good and planning for your financial future can go hand in hand. There is a large opportunity to serve customers who are keen on socially responsible investments such as PRULink Islamic Global Equity Index Fund. We will continue to develop innovative and inclusive solutions to better serve the diverse needs of our customers and distributors, and to make insurance and wealth planning accessible to everyone."

Shariah investing is aligned to the guidelines for permitted financial activities for Muslims and seeks to do good by encouraging ethical support for the community. Similarly, Prudential's approach to responsible investment seeks to shift capital from harmful activities towards those that support environmental and social needs.

Anyone can sign up for the PRULink Islamic Global Equity Index Fund through Prudential's Investment-Linked Plans (ILPs) such as PRUVantage Assure, PRULink InvestGrowth, PRUVantage Wealth, PRUActive LinkGuard, and PRUVantage RetireCare. Existing customers with eligible ILPs[3] who are interested in investing in the new fund can also choose to perform a fund switch, premium re-direction and/or top up.

Additional information

For more details on the long-term performance of shariah-compliant funds compared to conventional funds, please refer to: www.prudential.com.sg/PLIGEI



[1] Any adherence to Shariah requirements are fulfilled on the Underlying Fund and the Index only. For more information, please refer to: www.prudential.com.sg/PLIGEI

[3] Applicable for discontinued ILP products as well. Please refer to the respective ILP Product Summary for more information.

Hashtag: #Prudential

The issuer is solely responsible for the content of this announcement.

About Prudential Assurance Company Singapore (Pte) Ltd (Prudential Singapore)

Prudential Assurance Company Singapore (Pte) Ltd is one of the top life insurance companies in Singapore, serving the financial and protection needs of the country's citizens for 92 years. The company has an AA- Financial Strength Rating from leading credit rating agency Standard & Poor's, with S$49.4 billion funds under management as at 31 December 2022. It delivers a suite of well-rounded product offerings in Protection, Savings and Investment through multiple distribution channels including a network of more than 5,000 financial consultants.

News from Asia

Cushman & Wakefield and Corenet Global Release New Survey Results On "What Occupiers Want"

Cost remains king, but talent, flexibility, and service are reshaping real estate strategy globally HONG KONG SAR - Media OutReach Newswire - 2 July 2025 - Cushman & Wakefield (NYSE: CWK), in ...

Chubb Life Hong Kong Launches Chubb 1792 Club: A New Era in Tailored Wealth Management Services

With a legacy of excellence, expertise, and a bold vision, Chubb Life HK is meeting rising demand for sophisticated, future-focused financial planning through bespoke legacy and wealth solutions HO...

Octa broker's take on the upcoming NFP report

KUALA LUMPUR - Media OutReach Newswire - 2 July 2025 - This Thursday at 12:30 p.m. UTC, the U.S. Bureau of Labor Statistics will release its highly anticipated Nonfarm Payroll (NFP) report...

OneMagnify India earns Best Place to Work certification for the fourth consecutive year

CHENNAI, INDIA - Media OutReach Newswire - 2 July 2025 - OneMagnify, a global leader in marketing, data, and technology solutions, has once again been recognized as a Best Place to Work in India ...

BeauEver Secures NZ Prime Minister’s Support in Historic China Summit to Accelerate Global Skincare Expansion

SHANGHAI, CHINA - Media OutReach Newswire - 2 July 2025 - At the 2025 China–New Zealand Trade Innovation Summit, New Zealand Prime Minister, the Right Hon. Christopher Luxon, witnessed the officia...

Central Europe Technologies recognized as one of the Best Places to Work in Romania for 2025

BUCHAREST, ROMANIA - Media OutReach Newswire - 2 July 2025 – Central Europe Technologies has been officially recognized as one of the Best Places to Work in Romania for 2025. Central Europe Techno...

CDNetworks Selected as Strategic Partner by Petrolimex Aviation to Bolster Cybersecurity with AI-Powered Cloud Platform

SINGAPORE - Media OutReach Newswire - 3 July 2025 - CDNetworks, the APAC-leading network to deliver edge as a service, today announced that Petrolimex Aviation, a major provider of aviation fuel...

Trade Crypto Without Purchasing It: Octa Broker About Crypto-CFDs

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 3 July 2025 - Crypto volatility poses both potentially spectacular possibilities and enormous risks. For example, by investing in crypto assets o...

Tia Lee Graces the Cover of ELLE Malaysia: A Journey of Empowerment, Evolution, and Expression

HONG KONG SAR - Media OutReach Newswire - 3 July 2025 - Global fashion and music icon Tia Lee (Lee Yu Fen) takes center stage on the cover of ELLE Malaysia, where she reflects on her multifaceted ...

Porsche Design Tower Bangkok Offers a Culinary Voyage into Iconic Living

STUTTGART, GERMANY / HONG KONG SAR - Media OutReach Newswire - 25 June 2025 - Porsche Design Tower Bangkok hosted an exclusive dinner event in a private estate villa in Hong Kong, offering esteeme...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

The Next Generation of Maritime Sustainable Solutions

As organizations globally seek innovative ways to improve sustainability and their impact on Earth, the American Waterways Operators (AWO), a lead...

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

THE FINE LINE WITHIN HILARIOUS SIGNAGE DESIGN FAILS

It seems like design failures still occur in today’s modern branding era, despite rigorous rounds of approvals behind the scenes. One signage show...

Deputy Announces Exclusive Global Partnership with Predelo to Bring AI to Shift-Based Businesses

Deputy, the global people platform for shift-based businesses, has announced an exclusive partnership with Predelo, an AI Decision Agent-as-a-Serv...

Sell by LayBy