London asset manager in London with substantial residential property under management – has seen a growing demand for Shari’ah-compliant funds amongst Muslim consumers both in the UK and abroad (especially Arab Millionaires).
A recent report that Muslims make up 25 per cent of the world’s population today and with 450,000 Muslim millionaires in the Middle East, Islamic investment products are becoming increasingly important on the world stage. In Britain alone, Muslims contribute a staggering GBP 31 billion per annum to the economy and there are now 10,000 British Muslim millionaires, the majority of whom are Arab Millionaires.
A London financial company has launched the first ever Shari’ah-compliant residential property fund in the UK, Investing exclusively in areas favoured by Arabs like Mayfair, Knightsbridge, Kensington and Chelsea,
The asset management company are providing access to a unique and attractive asset class whilst ensuring the fund remains within the bounds of Shari’ah statute. As bricks and mortar product, often preferred by Muslim investors.
Shari’ah-compliant UK residential property fund represents a pioneering step forward for the Islamic wealth management sector, which is still in its infancy despite its rapid growth from $1.45 billion to $1.3 trillion since 2002.
There is a growing perception of the importance of Prime London Central as a long term, safe haven asset class. The company has shown consistent price growth of over eight per cent p.a. for the last four decades and was a robust performer even over the credit crunch, when other investments struggled. For Muslims looking at their investment options in the face of a volatile equity market.