28.10.2013 - Gulf regional SWFs diversifying savings: Aka
Sharia investing is again picking up momentum in the Gulf after almost five years of shrinking investor interest, said Jahangir Aka, head of SEI Middle East, pointing out that sharia-compliant banking continues to maintain strong growth in the Middle East. "The SWFs in the region continue to maintain a very focused and disciplined approach to diversifying the “savings” of the country to ensure returns over the long-term. They have departments that are opportunistic in taking advantage of market dislocations and unique opportunities, but again that is part of a pre-approved budget and asset allocation,” he pointed out...............................................Full Article: Source
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