| I was looking to expand the bandwidth of Islamic investing, and saw the industry looking at Islamic hedge funds and other turbo-charged instruments which the "Muslim man in the street" can neither relate to nor access. The question to answer was: is there an asset class that can be explained in a 30-second elevator pitch, where the same "man" would understand immediately and want to invest in?
I saw a brochure on a halal industry conference and sessions on ingredients, stunning, certification and US$640 billion (RM1.94 trillion), but nothing on halal as an investing asset class. At that point the light bulb went on and I was transported back to 1998, when we came up with the idea of syariah-compliant indexes. An index for halal food from companies!...........................................Full Article: Source
|