Sun, Apr 20, 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

Banner
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. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  5. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo