Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds and innovations in Shari'ah compliant alternative investments

Friday, June 02, 2017

By Raj Mohamad, Founder, Five Pillars Pte Ltd, Singapore

The Muslim world has produced numerous multi-disciplinary scholars and polymaths. Just one example would be Musa Al-Khwarizmi, the renowned astronomer, mathematician and geographer - heralded beyond the Islamic community as father of algebra and algorithmic studies. In modern First World societies, success in such disciplines almost demands some numeric wealth to accompany them. If Al-Khwarizmi were alive now, he would be expected to part of the quant hedge fund with many successful patents and also significant contribution to development of Islamic Finance.

Indeed, along with growing spiritually and intellectually, "Achilles heel" for many Muslims is how they can acquire more wealth beyond their profession through Shari'ah compliant investments. How to benefit from the vast financial markets opportunities that media is "selling" every single day?

Islam is still the only faith which has prescribed methods for banking and finance (namely, Islamic Banking and Finance) and wealth management through religious endowments (Aqwf), drawing of succession will (Fara'id) and financial gifts (Nuzriah). With such strong foundations in the world of science, math and finance, proponents of Islamic finance are presumptuously expected to have comprehensive solutions or equivalent to the conventional financial products.

Altho......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1