08 Jun '11, 11am

More syariah-compliant investors expected to hit local shores

SINGAPORE - Aspiring Islamic finance centres like Singapore and Malaysia may see an inflow of funds in search of Islamic banking alternatives. Analysts said the recent turmoil in the Middle East has driven some syariah-compliant investors to pull their money out of that region. "There is a sense that there is some money coming out of the Middle East into the non-Middle East Islamic centres like Singapore," said Mr Sani Hamid, director of wealth management at Financial Alliance. "Investors there may have decided that it is better to put some of their funds offshore." Analysts say Islamic finance has huge potential to appeal to non-Muslim investors as well. They believe that Islamic finance can be demystified and better understood with more investor education. This is because the salient features of Islamic finance - such as equal sharing of losses and profits - make syariah...

Full article: http://www.todayonline.com/Business/EDC110608-0000305/Mor...

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