Doing things the Sharia way

Shamillia Sivathambu looks at the private banking business of three international banks and finds out what they have been doing to facilitate the development of sharia-compliant structured products

Market participants are generally agreed that sharia investments are growing at a reported rate of 15% per annum, with fixed income and long-only equity funds dominating the private investment scene. A retail sharia-compliant structured products market does not really exist yet, but with Islamic investors demanding returns similar to those produced by conventional financial investment tools, it is only a matter of time before retail Islamic investors begin demanding the same from their local