GLOBAL: The Islamic investment sector can widen its customer base by adopting a socially responsible model but distribution channels, a sophisticated investor base and incentive schemes must be strengthened before it can achieve its full potential, according to industry experts, as reported by Thomson Reuters.
Talking to the news agency, Lynette D’Souza, the head of investment strategies group at NCB Capital said, “The common synergy between the two investor classes [Islamic investing and socially responsible investing] should be exploited.” She also noted that by doing so, greater economies scale can be achieved.
Sohail Jaffer, the deputy chief executive of FWU Global Takaful Solutions, also said that assets in Islamic funds, estimated at US$58 billion, can growth further by going cross-border.