Despite the economic downturn the firm, which was established in 2005, raised a significant amount of funds during the first four months of the year.

In October, the firm launched a $300m Sharia-compliant fund to tap hospitality opportunities in the Middle East, North Africa and Asia. The Hospitality Fund, which has a projected 20 percent internal rate of return, will invest in hospitality sub-sectors including airlines, tourism and accommodation.

Speaking at the recent World Economic Forum in China this year, Janahi highlighted the need for increased transparency within the financial sector.

“One of the main reasons for the recent economic crisis is the over-exposure to the debt market, where numerous defaults took place. We can now treat that by converting debt to equity through equity sharing between the government and the private sector,” he said.