Dubai: Islamic investment banks are too dependent upon real estate for their investment activity and they need to diversify into other asset classes, according to a report published on Monday.
Islamic Investment Banking 2009 is published by Yasaar Media and co-published by Unicorn Investment Bank and Doha Islamic.
According to the report, the Islamic finance industry has seen significant shrinkage since the onset of the global financial crisis. Areas that are particularly ripe for Islamic investment activity include both Islamic private equity and venture capital.
(Gulfnews)
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Alfalah Consulting - Kuala Lumpur: www.alfalahconsulting.com
Consultant/Speaker/Motivator : www.ahmad-sanusi-husain.com
Islamic Investment Malaysia: www.islamic-invest-malaysia.com
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1 comment:
Mr Ahmad..the recommendation of GIFC might be solutive in terms of dealing with today's economic slump. Many investors, including those who are under Islamic Finance Banks, still see that Real Estate offer future promise of profit making. Contrast fact of business out put today should a reminder. You may be correct in this point. Yet,, the notion should still come to a trial period prior to the final conclusion that diversity of investment helps better. From Home Staging Service Professional
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