Komfie Manalo, Opalesque Asia:
There is a huge demand for Sharia-compliant products but there are not enough quality players in this space with the correct ability to provide Sharia solutions, said Akber Naqvi of alternative investment firm Al Masah Capital during the recent Opalesque Gulf Roundtable.
The Roundtable was sponsored by Eurex and Maples Fund Services, and took place May 20th, 2013 in Abu Dhabi.
"I think there is still a lot of development to be done to find these really good players that can come up with the right Sharia solutions," Naqvi said, "We are a buyer of that, because we ourselves are not Sharia specialists but we are actually looking for the right partners who can come up with innovative Sharia solutions because we need them, there is a gap in the market for that." Sharia-compliant specialists and individual specialist asset managers should expand in this area, he added.
Christian Stauffer, founder and CEO of EuroFin Asia Group, noted that even in Islamic Finance, there is a demand for asset classes that demand for non-directional and non-correlated classes of asset.
According to him, the Sharia-compliant market has ent......................
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