Islamic Asset Management – The New Frontier for Islamic Banking

John Sandwick of Safa Invest discussed the opportunity of Islamic Asset Management seeing great potential and describing it as the new frontier for Islamic Banking. He stated the rise in oil prices which began their ascent in 2002 from $9 to $150 per barrel also witnessed a parallel growth in Islamic Banking, as the oil producing economies of the Gulf and South East Asia benefited from large inflows of capital some of which helped fund an emerging Islamic banking market. One sector which has failed to evolve as fast is Islamic Asset Management, an area which according to Mr Sandwick, Switzerland with its historical ties to the Asian and Gulf market it is primed to develop.