IslamicFinance.de

There is a huge demand for Sharia-compliant products but there are not enough quality players in this space with the correct ability to provide Sharia solutions, according to Akber Naqvi of alternative investment firm Al Masah Capital. He was speaking at the Opalesque Gulf Roundtable which took place in Abu Dhabi on May 20th, 2013. He further said that his company is looking for the right partners who can come up with innovative Sharia solutions, and that there is a gap in the market for that. Sharia-compliant specialists and individual specialist asset managers should expand in this area, he added. Christian Stauffer, founder and CEO of EuroFin Asia Group, noted that even in Islamic Finance, there is a demand for asset classes that demand for non-directional and non-correlated classes of asset.

An announcement by Sustainable Options Ltd sias that a new hedge fund - Sustainable Resources Fund - will be launched. As an open ended hedge fund, it will appeal to both green and Islamic investors. Its goal is to raise $100m for investment in a series of sectors like agro-forestry, land and sustainable agriculture. The fund has appointed an investment manager - Alpha Wealth Management - and a fund administrator - Apex Fund Services.