QIC and QInvest LLC Collaborate to Create New National Islamic Asset Management Company

Qatar Insurance Company (QIC) and QInvest LLC have announced on the 10th of April 2022 that they are collaborating to create a Shariah-compliant national company in the Islamic asset management space.

Why it Matters?

The joint venture entity will be provided with asset management capabilities by QIC’s wholly-owned subsidiary, Epicure Investment Management LLC (EIM), while the needed infrastructure and market reach will leverage QInvest’s ability to raise capital and its track record in developing and structuring Islamic investment products.

Details

The new company will be regulated by Qatar Financial Centre Regulatory Authority (QFCRA). The two parties, in conjunction with respective stakeholders, aim to finalise the transaction...