(MENAFN- Khaleej Times) Doha-based investment bank QInvest, majority owned by Qatar Islamic Bank, says it plans to launch at least 30 Islamic funds over the next three years on a managed account platform which it introduced this week.
If they go ahead, the launches could play a significant role in boosting the Islamic funds industry.
QInvest hopes to attract an investor base beyond the Gulf through its Cayman-domiciled funds.
"All of the funds are actively managed and the focus is on delivering strong returns over the mid- to long term, without focusing on a specific benchmark," said Ataf Ahmed, head of investment solutions at QInvest Wealth Management. In the near term QInvest aims to launch fixed income and regional equity funds, with commodity funds to follow in the second half of this year.
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