Abdul Kadir Hussain
Mashreq Capital (DIFC)
Could you provide a brief journey of how you arrived where you are today?
I then moved to Singapore as head of Asian corporate bond research for Credit Suisse. I was ranked in the top three among high yield analysts in Asia between 2000 and 2002.
In 2003, I relocated to London and eventually moved from research into proprietary trading. I later left London for Dubai in 2006 and helped to establish and run Mashreq’s subsidiary in the Dubai International Financial Center (DIFC).
What does your role involve?
I also manage Mashreq Capital’s fixed income hedge fund established in March 2007. The fund was the first of its kind to be set up under the collective investment rules of the DIFC. It invests in global emerging market debt and is a total return fund that can be both long and short.
What do you consider your greatest achievement to date?
Which of your products/services deliver the best results?
It is the job of these experts, including myself, to educate the regulators, institutions and retail investors in this region about the advantages of having a vibrant, active and large local and regional currency bond market.
What are the strengths of your company?
My team and I have lived through many economic cycles so that gives us a good perspective on how to deal with situations during a crisis. Moreover, we understand the importance of a local currency bond market as an important step in the maturation of local capital markets; it is a key ingredient in any mature financial market.
It allows asset allocation to become more sophisticated, funding sources to become more diverse, and also reduces dependence on global debt markets and regional and global equity markets.
Our business, therefore, plays a large role in developing the local currency bond market and, having been part of the process from an early stage, gives us valuable first-hand experience.
What factors have contributed to the success of your company?
What are the challenges/obstacles the company faces today?
Where do you see the Islamic finance industry in say, the next five years?
This fund is an ideal platform for investors to diversify their investments from real estate, equities and bank deposits.
Name one thing you would like to see change in the world of Islamic finance.