In a briefing held today, Mr. Akmal Hassan, Chief Executive Officer and Executive Director of Asian Islamic Investment Management Sdn Bhd ("AIIMAN")together with Mr. Baiza Bain, Director of Amanie Advisors Sdn Bhd (formerly known as Amanie Business Solutions Sdn.
said, "Firstly, Shariah-compliant products are for everyone and they are competitive in terms of performance, innovation and diversity.
As such, Shariah-compliant products should be considered an avenue for diversification rather than a replacement or alternative to their conventional counterparts," Akmal
The added growth opportunities in both the conventional and Shariah space are compelling reasons to consider Shariah-compliant a staple in all investment portfolios as opposed to a replacement.
The risk diversification and attractive returns over time continues to attract migratory investments and is sometimes seen as a threat to the competing conventional products.
However, it is impossible for such products to replace the conventional as the whole Islamic Financial System accounts for less than 1 per cent of the global financial system.
In closing, Akmal
concluded, "There are tremendous opportunities to capture institutional investments from sovereign wealth funds, central banks, takaful and pension funds.