MALAYSIA: The country’s Islamic investment industry must dispel misconceptions that Shariah compliant investments are exclusive to Muslims in order for the local market to further expand in the global space, said Akmal Hassan, the CEO and executive director of Asian Islamic Investment Management (AIIMAN).
He explained that Islamic investment products are open to everyone and there is no discrimination against who can subscribe and invest, stating that this can be seen from the almost 60% of non-Muslim investors in both the Hwang-DBS AIIMAN Growth and Hwang-DBS AIIMAN Income Plus Funds.
He also said that Malaysian industry players should register Shariah compliant products with global offshore fund platforms to market the performance of the local Islamic asset management market, with opportunities to capture institutional investments from sovereign wealth funds, central banks, Takaful and pension funds.