Business News

Qatar- Al Rayan Investment wins 3 awards

(MENAFN – The Peninsula) The Peninsula

Doha: Doha-based, Al Rayan Investment L.L.C. has achieved rare recognition from Euromoney’s UK-based asset management magazine, Global Investor. Global Investor recently announced 2020 MENA awards where Al Rayan Investment was the only asset manager in the Middle East to win in three categories. The firm was also a finalist in three other categories.

The prestigious Global Investor MENA awards are judged by a panel of industry experts in the UK and across MENA. For 2020, the panel awarded Al Rayan ‘Sharia Fund Manager for the Year’, ‘ETF Provider for the Year’ and ‘Qatar Asset Manager for the Year’. 

Luke Jeffs, managing editor of Global Investor, said: ‘Al Rayan has maintained its strong performance in 2020 against a challenging back-drop and won a notable three awards. The QATR ETF is one of the key regional product launches of recent years and remains the benchmark for ETFs in the Middle East.

This recognition from Global Investor follows London-based MENA Fund Manager magazine which also named Al Rayan Investment as ‘Qatar Asset Manager of the Year’ in 2020. Al Rayan has won this coveted category from both publications on five of the previous six occasions, underlining Al Rayan’s dominance across the Qatar asset management industry. In addition, Al Rayan Investment was adjudged the best regional ETF provider by both magazines in three of their last four awards. 

Haithem Katerji, Chief Executive Officer of Al Rayan Investment, commented: ‘We are proud of our achievements in the asset management space. This independent external recognition is a testament to our firm’s capabilities, professionalism and investment approach.” 

“We are very thankful for the continued trust and confidence of our clients which spurs us to new heights.

These awards highlight the firm’s regional leadership in product innovation as well as the consistent returns clients have benefited from for more than a decade. Akber Khan, Senior Director, Asset Management Group at Al Rayan Investment, elaborated, ‘Our experienced research and portfolio management teams are passionate about markets and rely on a rigorous research-based approach to target very strong returns.

Al Rayan Investment is authorised by the Qatar Financial Centre Regulatory Authority (QFCRA) and regulated by the Qatar Financial Markets Authority (QFMA); it is a 100 percent-owned subsidiary of Masraf Al Rayan, one of the leading Islamic banks in the GCC.

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