QInvest participates in Takaful conference

23/05/2016 06:06 AST

QInvest, Qatar’s leading investment bank, participated in the 11th Annual World Takaful Conference (WTC 2016), the world’s largest gathering of Islamic insurance companies, in a panel on diversifying your investment portfolio.

The event was held at the Dusit Thani Hotel, Duabi – UAE, in partnership with the Dubai International Financial Centre (DIFC) and was attended by the leading takaful companies from the GCC, Southeast Asia, Africa and Europe.

Speaking at the conference, Ali Hasan, Asset Management’s Head of Business Development in QInvest, said: “The Takaful industry is still at a promising stage in its development, however, its growth has been rapid over the past years and its total assets have doubled in the last 5 years. As the industry navigates through the complex global Takaful landscape, there is a greater need for its leaders to share insights and deliberate on new strategies to help it grow beyond its niche status. This growth makes it imperative for the takaful companies to ensure that they have their investment portfolios aligned with the long terms liabilities of the business. We were delighted to lead the discussions with industry leaders on investment strategies and how to manage diversification in their investment portfolios to improve financial stability.”

Hasan added: “Through this forum, we had the opportunity to provide attendees with an update on the overall financial environment and the market outlook, while discussing the various tools that can be used to optimize their investment portfolios.

WTC is the ideal platform to engage with decision-makers and deliver insights on the long-term development of the takaful sector as it looks to take its place as an important institutional player in the Islamic finance industry.”

The Forum gathered more than 250 Takaful professionals from around the world, comprising of policy makers, dignitaries, central bank representatives, heads of insurance supervision, CEOs of the largest Takaful companies, thought leaders and experts in research, bankers, academia and Shariah scholars.

The Peninsula