• December 20, 2021

    Most cryptocurrencies decline in November due to worries over COVID-19 variant and regulatory pressures

    Most cryptocurrencies declined in November on the back of concerns over the new COVID-19 variant, tax-reporting requirement in the U.S infrastructure bill and China’s increasing clampdown on cryptocurrencies. Performance and Key Metrics Source: Refinitiv U.S’ USD 1 trillion infrastructure bill includes a provision for brokers to report information on crypto traders transacting an amount of over $10,000 to the Internal Revenue Services (IRS). The lack of clarity in the bill on the term ‘broker’ raised doubts about the new regulations...

  • November 17, 2021

    Bitcoin and Ethereum touch all-time high in October

    October marked a record-breaking month for cryptocurrencies with Bitcoin touching its all-time high in October. With bitcoin price soaring, the market cap for bitcoin also breached the 1 trillion threshold. The second largest cryptocurrency – Ethereum, also touched its all-time high of USD 4,402 in October, on the back of upward crypto momentum and a recent technical upgrade to the Ethereum network. Ethereum based meme cryptocurrency – Shiba Inu soared 155% in the last week of October and 1,000% over...

  • June 1, 2021

    ETF’s in GCC: How far have they come?

    Exchange Traded Funds (ETF) was first introduced in the year 1993 and since then, it has made a long journey and won the interest and participation of many retail and institutional investors. Currently, there are more than 7,000 ETFs traded globally. The global ETF assets were worth about USD 7 trillion as of august 2020 (https://etfgi.com/news/press-releases/2020/09/etfgi-reports-assets-invested-etfs-and-etps-listed-globally-broke). Today ETFs are available in many countries, based on pure equity or a mix of equity and debt or fixed income instruments or alternative...

  • December 24, 2020

    Islamic Retail Asset Management

    This article was first published in Islamic Finance News dated the 22nd December 2020 We live in times where consumers are increasingly aware of their choices and demand that values and purpose are embedded into products that they consume. In financial context, today’s generation seem less driven by the narrow definition of investing to generate returns and consider social and environmental impact of the companies they invest in to be an important part of investment decision-making. Millennials view their investments...