Qatar First Investment Bank (QFIB) and Gulfmena Investments Limited (Gulfmena) announced yesterday the launch of Tebyan Asset Management Limited (Tebyan), a new fully integrated, Shariah-compliant asset management company offering an unrivalled range of Islamic investment products and services. After an initial and temporary offshore establishment, the new company will seek to be authorised and regulated by Qatar Financial Centre Regulatory Authority, a press release said yesterday.
Tebyan’s launch closely follows QFIB’s strategic partnership with Gulfmena — announced in late 2010 — to form a total solutions platform which meets the emerging needs of the Islamic investment community under one roof. Tebyan aims to tap into the growing Shariah asset management space and to cater to international and regional investors seeking traditional and alternative strategies. Its unique proposition of combining asset management with wealth management will bridge the gaps in today’s Islamic investment offering.
“The launch of Tebyan is the result of a strong, significant partnership between QFIB & Gulfmena,” said Emad Mansour, CEO of QFIB. “Our intention with Tebyan is to assume leadership of the Islamic asset management sector by constantly employing and combining the best in corporate practice, innovative investment tools and exceptional market knowledge, with the purity of Islamic Shariah rulings,” Mansour added.
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