IslamicFinance.de

Oasis Group Holdings is the developer of Shariah-compliant asset management, retirement and investment fund products in South Africa since it launched its first Islamic fund in August 1998, the Oasis Crescent Global Equity Fund.
In the last few years, the group has taken a chance abroad and now aspires to build the first global Shariah-investment fund brand, complete with a global distribution capability and a global asset management capacity.
It also seems that it is in the process of opening an office in London to spearhead its operations in the UK and EU market, which as a Muslim population of 2.8 million and 12 million respectively.

Sub-Saharan Africa (SSA) is often seen as a region that has exciting potential for the Islamic finance market, being home for more than 250mn Muslims. Beside the obvious religious aspects, the products are typically based on tangible assets and prohibit excessive risk-taking.
At this point, Islamic finance in SSA is focused in a few key markets and there are only a few dedicated institutions. South Africa is one of the leaders, thanks to Al Baraka Bank and Oasis Group.