ABBL

The Ernst & Young's presented today the fourth Islamic Funds and Investments Report (IFIR 2010) emphasizing the importance of fund managers to re-discover the investors preferences, focusing on enhancing the quality of their offering and moving away from transaction-only approach to comprehensive Wealth management solutions.

Pierre Weimerskirch, Ernst & Young Luxembourg, Mark Smyth, Amanie Islamic finance Consultancy and Education LLC, and Zaid el-Mogaddedi, Institute for Islamic Banking and Finance (IFIBAF),  discussed what steps can be taken to attract funds from the Middle East to use Luxembourg as a platform.

Financial centers across the globe are vying to become ' domiciles of choice ' for Islamic funds

(Source: Ernst & Young, Luxembourg)