A group of leading industry experts recently gathered at the Dubai International Financial Center (DIFC) under the aegis of IFN and the Dubai financial authorities to discuss the current lack of a robust and material Islamic wealth management sector that can meet the needs of its high net worth clients and attract them away from the conventional arena.
The crux of the discussion revolved around the lack of a track record in Islamic wealth management and the current inability to attract investors. An average Middle Eastern high net-worth individual is said to be around US$890 million. So where are they investing, what asset categories do they favor and what can asset managers do for them?
Islamic Finance news was delighted to bring together the comprehensive knowledge and experience of leading industry experts including Ayman Khaleq, Giorgio Medda, Issam Al Tawari, Moinuddin Malim and Prasanna Seshachellam. Representing a cross-section of the wealth management industry from top to bottom including advisors, lawyers, regulators and participants, the panel achieved a rewarding and challenging discussion.
Ayman A. Khaleq
Managing Partner (Dubai),
Morgan, Lewis & Bockius
CEO, AZ Global Asset Management,
Azimut Group (Istanbul)
Issam Z. Al-Tawari
Chairman & Managing Director,
Alternative International Management Services
Director & Head of Islamic Finance,
Dubai Financial Services Authority (DFSA)