Gap in Shariah-compliant investment services, experts say
There is a gap in the market for Shariah-compliant wealth management services, an expert has said.
TAM Asset Management chief investment officer James Penny highlighted the gap in supply, saying there is a huge demand for Shariah-compliant services but currently no GDP-domiciled investment solution.
There are 3.4mn Muslims in the UK, according to ONS statistics from 2018, around 5 per cent of the UK population.
“There's a huge Muslim community in the UK," he said.