Seminar on Shariah-compliant Fund Management

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Keynote Speaker:                                  

Mr. Waqar Naqvi

CEO, Taurus Mutual Funds.


Compare:

Mr. Prasunjit Mukherjee

CEO, Plexus Management Services.


Event Details:

Venue: Seminar Hall of Birla Industrial & Technological Museum.

Date: 21 February 2020

4.00pm - 4.30pm - Delegate Registrations & High Tea.

4.30pm - 4.45pm - Welcome & Introductions.

4.45pm - 5.00pm - Short Film on Shariah Funds by Mr. Mohammad Ariff, General 

                                   Secretary, Muslim Business Council of India.

5.00pm - 5.20pm - Session by Mr. Prasunjit Mukherjee, CEO, Plexus Management

                                   Services.

5.20pm - 6.05pm - Keynote Speech by Mr. Waqar Naqvi, CEO, Taurus Mutual Funds.

6.05pm - 6.20pm - Q & A Session.

6.20pm - 6.30pm - Vote of Thanks by Mr. Surajit Kundu.

6.30pm - 7.00pm - Networking & Snacks.

Event Synopsis:

Shariah-compliant fund management essentially refers to the professional management of investors’ fund or money in a portfolio of securities, an asset or a class of assets by fund managers, in accordance with Shariah principles to achieve specified financial objectives. Islamic funds offered in the market usually fall under the umbrella of ‘collective investment schemes’ (CIS) which can take the form of Islamic unit trusts, mutual funds, investment trusts or other appellations. The various types of Islamic funds include myriad financial solutions ranging from conservative investments to more aggressive plans for capital growth. Some of these solutions not only focus on wealth accumulation and capital preservation, but may also favour tax-incentive funds that promote long-term investments and inter-generational wealth transfer.

This seminar, Shariah Compliant Fund Management, reviews the development of the fund management industry as per Shariah and analyses the factors required to support its sustainable growth in India.


Overall, the Islamic fund management industry is still a niche sector representing a minor segment (i.e. USD56.1 billion as at end-2016) of the global fund management industry (USD84.9 trillion in 2016). As at end-2017, 88% of the industry’s asset under management (AuM) was concentrated in the top five jurisdictions, i.e. Saudi Arabia (37.10%), Malaysia (31.66%), Ireland (8.62%), the United States (5.25%) and Luxembourg (4.76%), while the remaining 12% was distributed across 29 other jurisdictions including offshore domiciles.


The seminar also provides a detailed description of the various types of Shariah-compliant & other genres funds available in the Indian market including Islamic equity funds, fixed-income funds, money market funds, exchange-traded funds (ETFs) and real estate investment trusts (REITs), along with their comparative advantages and disadvantages.


Following the seminar, the attendees will know of the necessary pillars to kick start the investment of their personal funds in Shariah-compliant funds in general and the overall funds & their effectiveness in personal savings and investments.


The Rights of admission to the Seminar is Reserved.