The market for retail investment products that comply with sharia (Islamic) law is growing. The latest development, marketed by HSBC, is a structure based on constant portfolio protection insurance (CPPI) that offers investors capital protection.
It is the latest in a series of sharia-compliant wealth management products targeted at Middle East investors and sold by Amanah Finance, a London-based subsidiary of the HSBC Group. Called the
Dynamic Allocation Shield Fund, it is structured to cap