Funding for global infrastructure will increasingly become Shariah-compliant as highly liquid Gulf sovereign wealth funds look to invest according to the tenets of Islam outside their own borders, leading bankers have said.
Speaking after a panel session on Islamic finance at a banking conference last week, Yakub Bobat, global head of HSBC Amanah Commercial Banking, said an available pool of capital from Gulf-based sovereign wealth funds – combined with demand from the Islamic financial industry for ethically acceptable asset classes – had created a natural market for infrastructure investment……………………………………….Full Article: Source