thepeninsulaqatar.com - DOHA: Joined by over 50 expert regional and global speakers, Ihab Asali, Qatar First Investment Bank (QFIB) Head of Private Equity addressed the global rise of Islamic Private Equity at the recently concluded Islamic Investment and Finance Forum, in Istanbul, Turkey. (source)
Participating in a panel entitled Islamic Private Equity: New Trends and Changing Appetites for Islamic Private Equity Investing Post Global Financial Crisis, said a release. Ihab along with other panellists discussed and explored the potential of Islamic Private Equity after the economic downturn, ways to raise Islamic funds and its impact on the Private Equity market and where quality Islamic Private Equity opportunities are likely to emerge.
“The growth of Islamic Private Equity comes at a time when there is a controversy over the credibility of the conventional financial system. Islamic Private Equity is the purest form of Shariah-compliant financing since it is structured on a partnership basis. We will continue to see an increased focus on the value and potential contribution of Islamic Private Equity as new markets emerge” said Ihab.
Qatar First Investment Bank Head of Private Equity, Ihab Asali at the recently concluded Islamic Investment and Finance Forum, in Istanbul, Turkey.
Investments in the European and North American markets greatly suffered in the 2008 economic meltdown. Fresh start ups GPs were also affected in the MENA region. It took investors time to analyse and react to devaluations in the net asset value from their investment commitments prior to the crisis. The key challenge now is to create the right environment to encourage LPs in the Middle East markets to go back to investing again and capture growth opportunities in markets like North Africa, GCC and Turkey.” The Peninsula
