MALAYSIA: Paris-based Guidance Investments is eyeing an Islamic fund management license in Malaysia following plans to make Kuala Lumpur its regional hub.
The company, which has been in Malaysia for the last seven years, is targeting to grow its Islamic business to US$5 billion in 10 years.
According to Dr Hasnita Hashim, the managing director of Guidance Investments, the firm plans to team up with a local strategic partner to expand its business and is already in discussions with several parties for this.
It will also look into product origination for real estate and launch leasing and fixed income funds upon obtaining its Islamic fund license, Hasnita added.