Fri, Oct 21, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Islamic finance is making a major comeback

Tuesday, July 23, 2013

Precy Dumlao, Opalesque Asia:

Fred Tabbal, the Regional Head of Fund Services for Maples Fund Services in the Middle East, said that Islamic finance is staging a major comeback and he is seeing a record issuance of Islamic finance products in terms of size in the Sukuk market, that he described as very encouraging.

Speaking at the latest Opalesque Roundtable Series - Gulf (Abu Dhabi) 2013, Tabbal told hedge fund managers who attended the event, "We do see a major surge of Islamic Finance. We have a significant book of Sharia-compliant funds and assets, and the good news is that we have a scalable and flexible platform that is able to adhere to the Sharia reporting standards. That is important because the different Sharia scholars all have their own reported requirements. If you are not able to customize your reporting and produce the information in the format they are looking for, then you’ll have issues."

The Opalesque Roundtable Series - Gulf (Abu Dhabi) 2013 was sponsored by Eurex and Maples Fund Services and took place May 20th 2013 in Abu Dhabi with.

He continued that the demand for the product is there and certain institutional investors will require that it is Sharia-compliant." According to Tabbal, Sharia-compliant funds could cover a very wide ......................

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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Macro hedge funds up 3.3% in one week on Fed and Brexit pays off[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were boosted by the strong performance of global macro funds, with the Lyxor Global Macro Index gaining 3.3% as of the week ending Oct. 11 (-1.7% YTD), Lyxor Asset Management reported. Their short on the p