Islamic Investment Banking: Emerging Trends, Developments and Opportunities

Islamic Wealth Management

Sohail Jaffer is back with his long-awaited new title Islamic Investment Banking. He has once again rounded up experts in the field to prove how Investment Banking has emerged as the fastest growing segment in the sphere of Islamic finance.

This new Euromoney Books title has 38 chapters covering; developments of capital markets in Malaysia and the GCC, Wealth Management, untapped potential for expansion in Europe - especially the UK, France and Luxembourg - as well as new risk management tools, the revival of Sukuk and its potential in secular markets such as Turkey and France. These new trends have been analysed and developed by eminent market practitioners who have shared their knowledge and expertise, making this book the ineluctable reference in the field of Islamic Investment Banking.

Testimonials

“The sheer scope of this book … illustrates the second driver for UK policy – the immense worldwide opportunity for the spread and development of Shariah-compliant products and techniques. As economic weight shifts eastwards, so ways need to be developed to mobilise capital in a way consistent with the ethical approach of its owners. The global economy needs investment – in financing trade, in developing infrastructure, in providing capital for new and growing businesses. An increasing proportion of this investment is likely to flow from Muslim countries and … Shariah-compliant products are needed to channel that flow.

I recommend this book to a wide range of readers – to those involved in the market and those contemplating it, to those raising capital and those likely to need it, to business academics and to their students. Whilst its scope is international, I am delighted that it gives due coverage to London’s position as the major Islamic finance centre outside the Muslim world – a position I and those with whom I work am determined to uphold.” [From the Foreword by Alderman Nick Anstee, The Right Honourable The Lord Mayor of London]

“Providing reliable and extensive Shari’ah expertise, this new opus is most welcome. It will help the whole financial industry rise to the challenge and it may also shape Islamic investment innovation, harmonise and optimise market practices, and help consolidate the regulation for this growing industry.” [From the Foreword by Yves Mersch, President of the Banque centrale du Luxembourg]

“… there are numerous reasons for Islamic finance to settle sustainably in Paris. I invite you to read Islamic Investment Banking, which I am sure will convince you of the opportunities offered by Islamic finance. [From the Foreword by Christian Sautter, Adjoint au Maire de Paris]

Author

Sohail Jaffer is a partner and the head of international business development for ‘white label’ bancassurance and investment services within FWU Group, an independent financial services group headquartered in Munich. The group’s main activities include asset management, bancassurance and individual pension plans. For FWU Group, Mr Jaffer has successfully concluded several important bancassurance distribution deals with major banks in MENA and the
Far East.

From June 1998 until June 1999, Mr Jaffer was senior vice president within the International Mutual Funds Group of Scudder, Stevens and Clark Ltd, based in London where he was responsible for international product development in Europe and Japan. From January 1989 until May 1998, he was vice president at Citibank (London), where he worked within the Financial Institutions Group as head of structured products including alternative investments until 1996. He later joined Citibank’s Alternative Investment Strategies (AIS) Group where he was a regional director and his responsibilities included international business development and asset gathering from institutional investors in Europe and the Middle East region. He was also a member of Citibank’s Hedge Funds Policy and Strategy Committee involved in hedge fund manager selection and due diligence.

Mr Jaffer was an audit partner with the Price Waterhouse practice in Africa from July 1984 until September 1988. He is a UK qualified certified accountant (FCCA). He is currently regional advisory council member (EMEA) of the Alternative Investment Management Association (AIMA), was a council member of AIMA for the period 2001 to September 2008 and past chairman for the period 1997 to 2000. He is also a member of ALFI’s Asset Management Advisory Committee and of their Hedge Fund Committee. ALFI is the Association of the Luxembourg Funds Industry. He is also an active member of the Islamic Finance Working Group of Luxembourg for Finance, commissioned by the Luxembourg Finance Minister and designed to promote Shari’ah-compliant finance in the Grand Duchy.

Mr Jaffer has written extensively on alternative investments and has edited several Euromoney publications on hedge funds, wealth management, Islamic banking, asset management and insurance as well as two editions of the CPI publication on investing in the GCC Markets. World Finance has voted him ‘Best Business Leader in Europe’ in its Islamic Finance Awards
2009.

Related Titles

• Islamic Wealth Management: A Catalyst for Global Change and Innovation »
• Islamic Asset Management: Forming the Future for Shari'a-Compliant Investment Strategies »
• Islamic Finance - In Focus (2) »
• Dictionary of Islamic Finance Terminology »
• Islamic Wills, Trusts and Estates: Planning for this World and the Next »
• Euromoney Encyclopedia of Islamic Finance »

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