Sun, Dec 21, 2014
A A A
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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und