Huge demand for Sharia-compliant products but not enough quality players
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.