IslamicFinance.de

The Shariah-focused independent wealth organisation Mahal Thqa has opened in Dubai. The firm is a joint venture between Middle Eastern financial consultants Mondial and US-based venture capital organisation Shariah Capital. It will be lead by chief executive Sadi Hassouneh and will focus on the Middle East’s Arabic-speaking population offering Islamic investment solutions and fund alternatives. Thqa’s investment approach will be based on protecting and growing its client’s capital over the medium-to-long-term and seeks to avoid the “boom-and-bust” results associated with specific asset class risk.