ADEP set to launch soft commodity-backed products

According to ADEP Managing Partner, Muneef O. Tarmoom, primary industry research proovs that approximately 24 per cent of leading Islamic banks' balance sheets are invested in cash or its equivalent often because of no other reason other than sparse availability of alternative liquidity management instruments.
He added that Abu Dhabi Equity Partners made it its mission to develop asset-backed liquidity management solutions that would lessen low-yielding excess cash, assist in improving asset liability matching particularly in the 0-three month maturity space, and enhance banks’ overall risk adjusted return.