Mena millionaires prioritising Islamic investments

The latest generation of high-net-worth individuals (HNWIs) in the Middle East are likely to allocate to Islamic investment classes and prioritise sustainability issues, according to a recently published study.

The survey, conducted by Swiss asset manager Lombard Odier, canvassed 300 HNWIs in the Mena region.

It found that 91% favour allocations to Islamic investment themes and 81% favour sustainability themes.

The study also looked at the asset classes most in favour of younger, wealthy investors.

As many as 79% identified digital and tech sectors, while 60% stated that private assets remain an important asset class.

©2022 funds global mena

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