4 October 2022 QInvest LLC and Qatar Insurance Company Q.S.P.C. (QIC) together are delighted to announce the successful establishment of Qatar-based national champion Epicure Islamic Investment Management LLC. Epicure Investment Management LLC (EIM), a wholly owned subsidiary of QIC and one of the largest regulated investment managers in Qatar manages over c. USD 7 billion 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 LLC, jointly owned by QIC (51% through Epicure Holdings LLC) and QInvest (49%), 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 capitalizing on its track record in developing and structuring innovative Islamic investment products, in addition to its ability to raise capital.

This announcement follows the initial press release on the 10th of April 2022, when the two parties agreed to explore a potential strategic alliance with the aim of creating a Qatar-based national champion in the Islamic Asset Management space.