islamic fund house opens in uk offering suite

Added 27th June 2012

A new fund house has launched in London offering Shariah compliant funds in a Ucits structure to UK investors.

islamic fund house opens in uk offering suite

Oasis Crescent, which has its new office in the Knightsbridge area of London, has been managing Islamic and conventional funds for more than 15 years, with £2.5bn (€3bn, $4bn) of assets under management, and operating within Europe for more than ten.

The company said the Islamic investment market in the UK is currently “under £1bn” but has the “potential to be between £120bn and £160bn".

Adam Ebrahim, founder and chief executive of Oasis Crescent said: “The UK is a major global financial centre and is fast establishing itself as a leading Islamic finance centre in Europe.
“The UK has a vast supply of financial services skills, a world class infrastructure, and a sound regulatory and compliance system.

Regarding the product legislation; the available product structures, especially the tax-incentivised savings products, fit in with our wealth management philosophy.”

All Oasis Crescent Global funds will be available to UK investors directly. These include equity, property, income, and life-staging asset allocation balanced funds. Funds are managed by Ebrahim, who has over 20 years of experience in the industry, and a team of senior investment professionals.

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

About Author

International Adviser is aimed at global intermediaries who advise their HNW clients on International fund, life and banking products and tax efficient solutions to their cross-border needs

To subscribe to International Adviser's news bulletins and apply for a magazine subscription click below

Editor's Pick

The final great investment frontier: Iran
The final great investment...

Oliver Bell, manager of the T. Rowe Price Frontier...

Bedell opens Luxembourg office, appoints directors
Bedell opens Luxembourg...

Offshore law firm and independent trust company Bedell...

AUM hit record levels in Germany in 2015
AUM hit record levels...

The German fund industry experienced a record year...

OTHER STORIES FROM LAST WORD...