Islamic finance awards 2012: Best fund manager
Riyadh-based Islamic investment house Jadwa has rapidly grown to become one of the biggest and most respected asset managers in the Islamic finance industry. Its total assets under management as at November 2011 totalled about SR6 billion ($1.6 billion).
The firm has been at the forefront of innovation in the industry, introducing a number of firsts in the Middle East, such as its Global Sukuk Fund. Today Jadwa has some 24 funds ranging from low-risk products such as the Jadwa Saudi Riyal Murabaha Fund to higher-risk funds such as the Jadwa Technology Special Opportunities Fund.
Jadwa has also established alliances with important international players, such as London-based Russell Investments. It has launched large-scale private-equity investments in UK real estate alongside London-based CIT Financial Services. It also has a Shariah-compliant Africa fund set up alongside South Africa’s Investec Asset Management.
Jadwa’s latest tie-up is with Sarasin, a Switzerland-based private bank, alongside which it has launched a Shariah-compliant commodity fund.
Jadwa’s funds have consistently outperformed benchmarks.