Failaka Advisors was conceived by Tariq Al-Rifai, who after working in the financial industry for several years recognized the need for greater transparency and openness in the Shariah-compliant fund industry. As a result, Mr. Al-Rifai, together with his business partner, Mark Smyth, established Failaka Advisors in 1996, and for the next decade focused on developing the firm’s research capabilities in the area of Islamic funds.
Failaka Advisors has now grown into a respected advisory firm helping a wide variety of international asset managers to develop Shariah-compliant investment products for their Muslim clients. Aside from its primary advisory business, Failaka Advisors offers the following:
- Shariah advisory services, offering fund managers and institutional investors access to its world-class Shariah board
- The Shariah Report, the first-ever guide to the world’s Shariah scholars.
- The Failaka Islamic Fund Awards, the only international Islamic fund awards event in the industry, recognizing the best performing funds and fund managers;and,
Failaka Advisors has offices in Chicago and Dubai.
- Project-based research on Islamic capital market initiatives, including feasibility studies