Friday, 29 July 2016
Last updated 6 hours ago
Mar 25 2013 | 8:44am ET
Qatari investment bank QInvest has launched the world's first open architecture Sharia-compliant managed account platform.
The QInvest Managed Account Platform, which allows investors to access asset classes like hedge funds and mutual funds, has launched with Eagle Capital Management, Edgewood Management and GAM. The platform's operational processes have been built in conjunction with Nomura International.
Tamim Hamad Al-Kawari, QInvest's CEO, said in a statement: "QMAP is a pioneering solution managed by professional team of experts and associated with world class groups. Fund managers, for instance, have to pass strict selection criteria covering investment processes, operational and risk controls. The first funds have been off to a strong start and are already amongst the best funds within their peer groups."
The investment bank said it will add “more funds and bespoke client investment propositions” over the coming months.