Demand for sharia-compliant products rises
By Opinion
By Faizal Bhana
SUSTAINABLE finance, specifically impact investing, has gained considerable momentum over the past few years and shows no sign of slowing down.
Investors are looking for ways to build up communities and put money to work responsibly. At the same time, demand for sharia-compliant products is growing, not just among faith-based investors, but also among non-Muslim, environmental, social and corporate governance-minded investors.
The largest group of consumers using sharia-compliant wealth management solutions are in the 50 to 70 age bracket, according to research published by Jersey Finance, titled “The Evolution of Wealth Management in the World of Islamic Finance 2019”.
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Kenya Sustainable finance, specifically impacts investing, has gained considerable momentum over the past few years and shows no sign of slowing down.
Investors are looking for ways to build up communities and put money to work responsibly. At the same time, demand for Shariah-compliant products is growing, not just among faith-based investors, but also among non-Muslim, ESG-minded investors.
To take a glimpse into the Shariah-compliant financial services potential requires consideration of both the consumer and corporate demand and activity. The largest group of consumers using Shariah-compliant wealth management solutions currently are in the 50-70 age bracket, according to research published by Jersey Finance,
The East African
Tuesday February 23 2021
2021 looks promising with projections of significant volumes of FDI returning to emerging markets in Africa. PHOTO | FILE
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Although 2020 witnessed unprecedented outflows of foreign direct investments due to the uncertainties created by Covid-19, 2021 looks promising with projections of significant volumes of FDI returning to emerging markets in Africa.
According to Faizal Bhana, director of Jersey Finance in the Middle East and Africa, the African continent remains a highly attractive market, particularly for inbound investment.
“In recent years, Africa escaped the global decline in foreign direct investment as flows to the continent rose to Ksh4.6 trillion ($41.82 billion, an increase of 11 per cent on the previous year according to the UNCTAD’s World Investment Report of 2019,” said Mr Bhana.