Veteran Geneva-based banker and Islamic finance expert John Sandwick has teamed up with Saudi adviser Wafi International to target the Islamic endowment market, a $500 billion capital pool he said had been poorly served to date.
Waqf, or charitable endowments invested according to Islamic principles, are often used to fund schools and hospitals, but the charitable trusts that generally manage them tend to produce poor returns………………………………………..Full Article: Source