Oasis Crescent, a global provider of Islamic and ethical investments, has opened an office in Knightsbridge, offering a range of UCITS, Shariah-compliant funds for UK retail investors. 

Although at present the Islamic investment market in the UK stands at under £1 billion (about $1.5 billion), the firm said it has the potential to reach between £120 and £160 billion.

“The UK is a major global financial centre and is fast establishing itself as a leading Islamic finance centre in Europe,” said Adam Ebrahim, founder and chief executive.

All funds - which include equity, property, income and “life-staging” asset allocation balanced funds - are managed by Ebrahim and a team of senior investment professionals.

The first group of funds represent the first-ever Shariah-compliant funds in South Africa to provide a collective investment scheme, a retirement fund, a balanced fund, a pension annuity and a regulated income fund. They also represent the first Shariah-compliant listed direct property and global property equity funds globally.

Oasis Crescent has £2.5 billion in assets under management and has been operating in Europe for over a decade.