Islamic Finance News (www.islamicfinancenews.com) reported on the growing sharia compliant community in London. Published every Wednesday, Islamic Finance news is the industry’s leading, capital markets focused e-newsletter now providing over 19,500 individuals with unrivalled editorial coverage of the global Islamic financing market. The company was established in mid 2004 in Kuala Lumpur and initially rolled out two products: Islamic Finance training and Islamic Finance news.
Edale’s development of islamic asset management was covered in the article:
…[there is] a growing community of asset management ﬁrms in London offering Shariah compliant options. Another is Edale Group, based in London’s Berkeley Square and established at the start of the year by Lawrie Chandler carrying on from the work Emirate NBD Capital was undertaking prior to the close of its London office for wealth management. Offering Shariah compliant funds, research and product work with a focus on Europe and Northern Africa, the ﬁrm aims to “provide best in class products that can ﬁt into any environment.” Edale launched [new shareclasses of] a Shariah compliant multi-asset fund in April investing in Sukuk, Ijarah, Wakalah and physical commodities.