Business and Product Development Division
	INTRODUCTION

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The Business and Product Development Division acts as a focal point between Wafra's product managers and its institutional clients.

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This Division is supported by experienced investment bankers who understand the investment needs of their customers, and possess a deep rooted knowledge of their clients' cultural heritage.

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This Division offers conventional products globally as well as Islamic products to specified target markets such as the Middle East and major Islamic communities around the world. The Division seeks to service the largest and most prominent clients in its customer base.

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Through continuous meetings and discussions with their clients, this Division, in conjunction with Wafra's investment groups, determines an investment management program, based on risk profile, liquidity situation, and as needed, specified moral or ethical demands on investing.

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Wafra recognizes the importance of a client's financial privacy, and will treat any information received from clients, whether related to the account, or personal information, as strictly private and confidential.

Wafra Investment Advisory Group, Inc.
345 Park Avenue, 41st Floor New York, New York 10154-0101