Dr Ataf Ahmed
QInvest launches new managed account platform
Doha, March 24, 2013
QInvest, Qatar’s leading investment bank, announced the launch of the world’s first open architecture Sharia’a compliant managed account platform.
QInvest Managed Account Platform (QMAP) provides investors with the opportunity to select from a range of high quality funds that are managed by top tier professional teams.
QMAP brings the capabilities of some of the best managers in the world to investors, who would like to adhere to the principles of Sharia’a, through an institutional standard infrastructure.
QInvest is already working with some of the best in class investment managers having launched with Eagle Capital Management, Edgewood Management and GAM and have built the platform’s operational processes in conjunction with Nomura International, a statement said.
At QInvest’s annual general assembly, Sheikh Jassim Bin Hamad Bin Jassim Bin Jaber Al Thani, QInvest’s chairman, informed shareholders about the launch of QMAP that allows shareholders and investors to invest in asset classes such as mutual funds and hedge funds, managed by globally recognized investment managers.
Tamim Hamad Al-Kawari, QInvest’s CEO, said: “QMAP is a pioneering solution managed by professional team of experts and associated with world class groups. Fund managers, for instance, have to pass strict selection criteria covering investment processes, operational and risk controls. The first funds have been off to a strong start and are already amongst the best funds within their peer groups.”
“The new platform brings quality and choice to our shareholders and investors, especially those seeking investment solutions that comply with Islamic Sharia’a,” he added.
Al-Kawari congratulated the Global Investment Products team, led by Dr Ataf Ahmed, who has developed the platform.
“QMAP will be adding more funds and bespoke client investment propositions for the firm and its clients over the coming months. We are committed to developing this offering and aim to generate returns for investors and shareholders alike,” Dr Ahmed said.
“QInvest is looking to attract investors who would prefer a principled investment choice, although initially it expects most interest from investors seeking Sharia’a complaint solutions,” he concluded. – TradeArabia News Service