New York boutique wealth management firm targets Muslims with dedicated Shariah financial services
Despite rising anti-Muslim rhetoric in the US, a New York-based wealth management firm has begun offering Shariah compliant investment services; VINEETA TAN writes that this suggests that market players still see commercial opportunities in the niche Islamic finance industry.
Having served investors in the US over the last decade, boutique investment firm Hajdari Group has decided to cater to faith-conscious Muslim clients by launching a new financial planning platform, InvestHalal, which follows Shariah standards set by the Fiqh Council of North America and AAOIFI.
“Faith-based and socially responsible investing is very appealing for many investors. But access to faith-based investment strategies has generally been unavailable in the US to Islamic investors,” Zaim Hajdari, the president of Hajdari Group and former JPMorgan banker, explained. “We are proud to be a Muslim-owned, New York-based investment firm that has taken the time, effort and scholarship necessary to ensure Shariah compliant investment opportunities for those who wish to pursue them.”
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Source: Islamic Finance News