MALAYSIA: The current financial turmoil is a good chance to put the Islamic investment market to the test, according to Noripah Kamso, the CEO of CIMB-Principal Islamic Asset Management.
She explained that Shariah compliant stocks have not only proven to be more stable but have also outperformed compared to their conventional counterparts despite the ‘Black Swans’ incidences that have emerged over the last five years.
Noripah also dismissed assessments by critics that Islamic asset management can only profit in a downtrend.