Fri, Sep 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Huge demand for Sharia-compliant products but not enough quality players

Wednesday, July 17, 2013

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......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as

  2. "Hedge fund industry needs to shrink"[more]

    Komfie Manalo, Opalesque Asia: Writing for CNBC, Josh Brown, creator of The Reformed Broker blog and financial advisor for Ritholtz We

  3. Strategy - Voyager Management wants to invest in smaller hedge funds[more]

    From Valuewalk.com: Voyager Management, a $475 million fund of funds, is looking to downsize the hedge fund’s in which they invest, looking for smaller funds with assets under management that enable the fund to be nimble. The fund is looking for noncorrelation and will consider long / short equity

  4. Asia - Quant hedge funds are China's hot new export, Europe banks return to Korean brokerage market; target debt, alternative products[more]

    Quant hedge funds are China's hot new export From Bloomberg.com: Add China’s quant shops to the list of hedge funds branching out across Asian markets. Quantitative money managers from the world’s second-largest economy are opening offshore funds at a never-before-seen pace, according to

  5. Hedge funds pull back from Deutsche Bank[more]

    Bailey McCann, Opalesque New York: Hedge funds are pulling some of their business from Deutsche Bank, according to a Bloomberg report. People familiar with th