QFIB said after an initial and temporary offshore establishment, the new company will seek to be authorized and regulated by Qatar Financial Center Regulatory Authority.
The Tebyan will primarily serve Islamic institutions, family offices, large family money, UHNWIs and HNWIs whose assets are often allocated to MENA/GCC with some global investment allocations spread across different asset classes.
Tebyan also plans to launch a New Silk Route long-only fund focusing primarily on the Arab-Indo-China region.
The newly formed business will be managed by Gulfmena’s CEO Haissam Arabi and will be governed by its own Shari’ah board.
QFIB CEO Emad Mansour said that the 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 Shari’ah rulings.
Gulfmena CEO Haissam Arabi said that Tebyan’s launch fulfills the objective of offering an innovative and unique proposition to Islamic investors regionally and internationally.
