Press release
Ernst & Young launches the 1st edition of the Islamic Funds & Investments Report in 2007
Sameer Abdi and Ali Arsalan Tariq address the delegates at the Ernst & Young Executive Briefing
Reflecting these developments, the Ernst & Young Islamic Funds & Investments Report 2007 identifies key trends in the Islamic wealth management industry and highlights the implications of these for industry players.
Key insights and focus points that emerged from the report include:
- Strong economic growth on the back of strengthening oil prices as well as diversification of revenue bases towards non-oil sectors;
- Trickling down of wealth to individual and institutional demand segments;
- Growth of the number of wealthy individuals in the region and the cumulative liquid wealth held by them;
- Portfolio allocation trends indicating increasing demand for alternative investment asset classes;
- Slow recovery of regional equity markets subsequent to their corrections in 2006;
- The viability of Sukuk as an Islamic alternative to conventional fixed income asset class;
- The sustainability of the real estate sector as a Shari’ compliant asset class in the region;
- The potential of private equity to allow for diversified investment opportunities against the backdrop of volatile public markets;
- The potential for the Islamic industry to capture a growth trend in the hedge funds industry;
- The growth in the universe of Islamic funds;
- The gaps across investment opportunities present in the supply of Islamic funds;
- The implications of these trends for a new entrant; and
- The critical success factors to be acquired by a new entrant into the Islamic wealth management industry in order to remain competitive.
The report was launched by Ernst & Young at the Pre-Conference Executive Briefing at The World Islamic Funds and Capital Markets Conference on the 26th of May at the Gulf Hotel in the Kingdom of Bahrain. The executive briefing was led by Sameer Abdi, Group Head Islamic Financial Services and Ali Arsalan Tariq, Senior Consultant, Ernst & Young Bahrain.
Ends.
About MEGA Events:
MEGA is the market leading business information firm focused on achieving business results for the global Islamic banking & finance industry since 1993. The portfolio of MEGA brands represents the landmark industry conferences and our clients are the leading players in the international financial markets.
MEGA BRANDS. MEGA CLIENTS. MARKET LEADERS.
For further information, please contact:
Ashfana Abdulhameed
Matrix PR, Dubai
PB #54250
T: 009714-3430888
F:009714-3432226
E: ashfana@matrixdubai.com
W: www.matrixdubai.com
Or
Zainab Hasan
Marketing & Media Manager
Middle East Global Advisors (MEGA)
Tel: 9714 3431200
Email: zainab@megaevents.net
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Ernst & Young launches the 1st edition of the Islamic Funds & Investments Report in 2007 here
News-ID: 21334 • Views: …
More Releases from World Islamic Funds & Capital Markets Conference, MEGA Events
The 3rd Annual World Islamic Funds & Capital Markets Conference opens: More than …
Manama, Bahrain׃ H.E. Rasheed M. Al Maraj, Governor of the Central Bank of Bahrain, inaugurated the 3rd Annual World Islamic Funds & Capital Markets Conference today, at a ceremony at the Gulf International Convention Centre, Gulf Hotel in the Kingdom of Bahrain. The opening day was attended by more than 300 international and regional market leaders from the global Islamic investments industry.
The Conference, held for the third year in…
Sukuk: Pinpointing the Next Wave of Mega Deals
Dubai, UAE: Industry experts predict Sukuk issuance will reach $100 billion in the next five years. According to recent statistics, Islamic Sukuk issuance in the Gulf and other Arab countries had reached $14 billion by the first quarter of 2006. The growth and development of the Sukuk industry will be under discussion at the World Islamic Funds & Capital Markets Conference. The third edition of the annual conference will…
ERNST & YOUNG TO LAUNCH THE ISLAMIC FUNDS & INVESTMENTS REPORT 2007
Manama, Bahrain: With the Islamic Private Equity market set for a boom, and Islamic Alternative Investments attracting increasing interest; the stage is now set for the launch of the 1st Annual Ernst & Young Islamic Funds & Investments Report (IFIR) to address this exciting and dynamic landscape.
Reflecting these challenges and opportunities, the inaugural Islamic Funds & Investments Report will focus on the spectrum of asset classes and drivers that will…
More Releases for Ernst
Global Forensic Accounting Services Market Report-Ernst & Young, PwC, Deloitte
Summary:
Forensic accounting, forensic accountancy or financial forensics is the specialty practice area of accounting that describes engagements that result from actual or anticipated disputes or litigation. "Forensic" means "suitable for use in a court of law", and it is to that standard and potential outcome that forensic accountants generally have to work. Forensic accountants, also referred to as forensic auditors or investigative auditors, often have to give expert evidence at…
Sourdough Market | Puratos, Ernst Böcker GmbH & Co. KG, IREKS GmbH,
The Sourdough Market Report is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis.The market report covers strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market. It also delivers the list of leading competitors and provides the insights about strategic analysis of the key factors influencing the Sourdough…
Astellia awarded by Ernst & Young for its international development
Astellia AWARDED BY ERNST & YOUNG FOR ITS INTERNATIONAL DEVELOPMENT
Rennes, France, 16 September 2011 - Astellia, a leading provider of monitoring solutions for the optimization of mobile network QoS was awarded yesterday the Ernst & Young Entrepreneur Of The Year® – International Company’ prize.
This award recognizes the company for its remarkable performance in international markets with more than 80% of its 2010 turnover generated abroad. Astellia’s monitoring and consulting services…
India Inc optimistic about growth; Ernst & Young Survey
• At least 10% growth in businesses expected for FY10 by 46% respondents
• Three-fourth respondents report only a low to medium impact of downturn
• Cost reduction, hiring freeze, commodity and forex risk management dominate corporate agendas
• Term loans from banks, debt/equity from group companies emerge as preferred means of raising capital
• Majority expect consolidation, 47% believe assets are undervalued
Mumbai/ New Delhi, 5 May, 2009 : – As the recent fourth quarter…
Indian steel’s long-term fundamentals are intact: Ernst & Young
New Delhi, 18 February 09: Leading professional services firm Ernst & Young (EY) today released a report titled ”Indian Steel Industry 2009: squeezed, but strong” at the Mining to Steel Summit 2009 organized by Indian Chambers of Commerce (ICC) here. Sounding an optimistic note, the report states that though the world steel scenario is grim, India has the potential to grow at double digit rates and should target…
Ernst & Young-Assocham report stresses on consolidation in financial services
Mumbai, 9 February 2009: Leading professional services firm Ernst & Young (EY) and the Associated Chambers of Commerce and Industry of India (ASSOCHAM) today released a report titled ”Financial services: state of the industry and way forward.” The report seeks to present distinct opportunities such as consolidation, development of the debt market, focus on risk management and alternate financing options, which will help India develop into an economic…
