KUALA LUMPUR (Jan 16): OSK-UOB Islamic Fund Management has signed a strategic agreement with IdealRatings, Inc to use the latter’s research for its global growth strategy of equity funds.

OSK-UOB Islamic Fund Management chief executive officer Mohamed Noor said on Monday that IdealRatings could provide detailed analysis of the revenue breakdown for the global stock market specifically for food companies involved in any non-halal elements.

“IdealRatings, did an outstanding job screening companies with their one of a kind research methodology along with their comprehensive Shariah fund management solution.

“We feel confident relying on IdealRatings to provide us with top quality Shariah screening data for our Global Halal Food Fund and also for the other unique funds we will be offering as part of our portfolio in the future,” he said in a statement.

IdealRatings CEO Mohamed Donia said the team could help OSK-UOB Islamic Fund Management achieve their plans for much needed products in a high growth market.