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Tariq Al-Rifai, Director, Index Investment Strategy, S&P Dow Jones Indices, a speaker at the marcus evans Middle East Investments Summit 2012, talks about the opportunities in the Takaful and Sukuk areas and the growing returns these assets can offer. |
London, Oct 19, 2012 - (ACN Newswire) - There has been an increasing interest from the Middle East for Sukuk and Takaful with an increasing number of financial products in both areas, says Tariq Al-Rifai, Director, Index Investment Strategy, S&P Dow Jones Indices.
Tariq Al-Rifai will be speaking at the upcoming marcus evans Middle East Investments Summit 2012 in Dubai, UAE, 4 - 5 November.
- How can Middle East investors overcome current challenges?
Trading volumes of Middle Eastern stock markets have doubled up in many cases over the past year. While investors have regained confidence and started to re-enter the market, they are mostly investing locally as well as in places such as South Asia and North Africa, rather than in developed markets. For instance, countries such as China, Malaysia and Singapore hold good potential for Middle Eastern investors.
- What opportunities do you foresee in the Islamic finance space? How can Middle East investors take advantage of these?
The market for Sukuk has been growing and is expected to continue to do so, but the market for Takaful holds even greater possibilities. The percentage of insured population in the region is very low, even by emerging market standards, and many insurance products are new and unfamiliar to investors. When talking about insurance, Takaful is the natural choice in the Middle East and, as Takaful companies grow so does the demand for Islamic investment products in which to invest their premiums, they will drive the development of new Islamic investment products. - How can Middle East investors expand into the Sukuk space?
The Sukuk market is driven by a strong demand from the Middle East region, whereas there is a limited amount of Sukuk issuers based in GCC and Malaysia. For the Sukuk market to be fully developed, more international buyers need to enter the market, and more importantly, they need to enter the market not only to satisfy demand, but also to give international recognition to Sukuk as a viable funding alternative for companies in Europe and the US.
- What portfolio diversification suggestions can you give?
Portfolios in this region tend to be heavily weighted towards real estate, with high net worth investors investing much of their wealth in their own companies. This is slowly changing and a lot can now be done today within the equity space. However, there is still a big gap in fixed income and income generating assets, which could be filled by Takaful in the near future.
About the Middle East Investments Summit 2012
This unique forum will take place at the Park Hyatt Dubai, UAE, 4 - 5 November 2012. Internationally acclaimed as the leading event for Middle East institutional investors, the Summit offers much more than any conference, seminar or trade show. This exclusive meeting will bring together esteemed thought leaders in institutional investing and market leading solution providers for a highly focused and interactive networking event. The Summit includes presentations on harnessing the power of Islamic finance in the aftermath of the Arab Spring, powering economic and social wealth by tapping the widening regional demand for infrastructures and navigating increased risk and volatility to protect assets and secure returns. For more information please send an email to info@marcusevanscy.com or visit the event website at www.mei-summit.com/TariqAlRifaiInterview.
marcus evans group - investment sector portal: http://tiny.cc/4QCf2b
The Investment Network - marcus evans Summits group delivers peer-to-peer information on strategic matters, professional trends and breakthrough innovations. - LinkedIn: www.linkedin.com/groups?gid=3937929&trk=hb_side_g - YouTube: www.youtube.com/MarcusEvansInvest - Twitter: www.twitter.com/meSummitsInvest - SlideShare: www.slideshare.net/MarcusEvansInvest Please note that the Summit is a closed business event and the number of participants strictly limited.
Contact:
Maria Gregoriou
Journalist, marcus evans, Summits Division
Tel: +357 22 849 400
Email: press@marcusevanscy.com
Topic: Research / Industry Report
Source: marcus evans Summits
Sectors: Daily Finance, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
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