QIC, QInvest announce establishment of Epicure Islamic Investment Management – The Peninsula

QIC, QInvest announce establishment of Epicure Islamic Investment Management – The Peninsula

Doha: Qatar Insurance Company (QIC), the market leader in Qatar and a dominant insurer in the GCC and Mena region, and QInvest, Qatar’s leading investment bank and one of the most prominent Islamic financial institutions globally, have announced the successful establishment of Qatar-based national champion “Epicure Islamic Investment Management”.

Epicure Investment Management (EIM), a wholly owned subsidiary of QIC and one of the largest regulated investment managers in Qatar manages over $7bn of investments across asset classes for its clients and having an impeccable track record of investing, is looking to enhance its footprint in the Investment Management business.

Epicure Islamic Investment Management, jointly owned by QIC (51 percent through Epicure Holdings) and QInvest (49 percent), is a Sharia’a compliant entity, authorised and regulated by Qatar Financial Centre Regulatory Authority (QFCRA). The new entity will focus on providing a wide range of Islamic asset management activities ranging from investing to developing and structuring innovative Islamic investment products.

EIM will provide the necessary asset management expertise and capabilities to the joint venture entity. At the same time, QInvest will provide the necessary infrastructure and market reach to the joint venture entity, while capitalising on its track record in developing and structuring innovative Islamic investment