The Investor for Securities Company launched Safa Investment Services, the first global Islamic asset manager in the GCC, in Riyadh on Monday. Safa Investment Services is the world’s first independent Islamic wealth and asset management brand. It insures an independent selection of “best of class” Sharia-compliant assets.
“Professionally managed assets worldwide are now worth around 80 trillion (SR 300 trillion), of which Muslims own at least 3 trillion (SR 11.25 trillion). What is striking is that almost none of that is invested with any respect for Sharia. A lot is invested in the type of securities that accelerated the global financial crisis,” said John Sandwick, manager at Safa Investment Services, during the launch. ……………………………………….Full Article: Source