- QINVEST recognized as – “ASSET MANAGEMENT ADVISORY FIRM OF THE YEAR” in Qatar during ACQ5 Global Awards 2017
- QInvest’s Income-generating Ijara Fund, which provides investors access to income generating assets in developed markets, oversubscribed
QINVEST, Qatar's leading private investment group and one of the region’s most prominent Islamic financial institutions, announced today that the market is witnessing a surge in demand for Sharia’a compliant funds. Conventional investors also expressed interest in a range of Sharia’a compliant products and investments. The comments were made by Dr Ataf Ahmed, Head of Asset Management at QINVEST, made the announcment during the ACQ5 Global Awards 2017 ceremony, which saw QINVEST recognized as Qatar’s “Asset Management Advisory Firm of the Year”.
Dr Ataf Ahmad, Head of Asset Management at QINVEST, said:
“In response to the growing investor demand for more innovative, income-generating, Sharia’a compliant products, QINVEST successfully launched SQN Income Fund in collaboration with SQN Capital Management earlier this year. Offering investors a unique opportunity to access income generating assets in developed markets, the fund was oversubscribed and aims to pay out a net yield of 7% per annum on a monthly basis and has a targeted IRR of between 8% and 9%, with a tenure of 5 years..
Commenting on the award win, Dr Ataf, added:
“We credit our Asset Management team with earning this recognition through their hard work, innovative thinking and entrepreneurial spirit. QINVEST has endeavoured to leverage its global network and relationships to develop world-class offerings that can adequality address investors’ increasing appetite for diversified portfolios.”
Mr. Nasser Al Mahmoud, Head of Client Coverage and Distribution, said:
“We are also seeing increased appetite for Sharia’a compliant products and investments from non-Muslim investors, who can be broadly broken down into two groups. The first group identify as investors attracted to the ethical and social characteristics of the assets that Sharia’a funds invest in including Environmental, Social and Governance (ESG) factors. The second group are investors who look to Sharia’a compliant funds to diversify their portfolios away from certain assets that are prominent in conventional funds and are seen as being more susceptible to economic volatility. The important thing to remember is that a well-managed Sharia’a compliant fund can perform just as well and even outperform a conventional counterpart.”
Jake Robson, Group Editor at ACQ5, said:
“The 2017 ACQ5 Global Award winners represent the best of breed in all industry sectors and have earned these honours by standing out in a group of very impressive finalists. We are lucky enough to work with some of the most influential and enterprising private organisations in the world and are proud to share their message with our readers. Relying on reader insight and experience to provide nominations to the panel remains the cornerstone of our program and to identify industry leaders, individuals, teams and organizations that represent the benchmark of achievement and best practice in the business world.”
Robson added: “Operating a legitimately independent nomination process, our award winners are chosen by our readership. Every year, we seek their assistance of our readers, the industry itself, in recognising industry leaders, eminent individuals, exemplary teams and distinguished businesses, which we believe represent the benchmark of achievement and best practice in a variety of fields – and every year, we turn to them to help as we strive to recognise an ever-widening spectrum of services, markets, industries and organisations that serve our global market place. We believe that by consulting our readers we can better identify the groups that are confronting the issues which face us at this ongoing complex juncture, and our awards will rise above the status of participation certificate and actually be an endorsement of their work.”
The 12th Annual ACQ5 Global Awards honoured the leading deal teams, firms and professionals who’s activities set the standard for the financial markets. This year, companies and individuals, representing every major market in the world, became finalists for the awards.
QInvest has a strong track record in managing Sharia’a compliant funds via its QInvest Managed Account Platform (“QMAP”), the world’s first open architecture Sharia’a compliant managed account platform. It brings best practice from the conventional fund industry to investors through a range of global partnerships with managers around the world.