Islamic funds sector is likely to grow to at least $77 billion by 2019 from $60 billion now, while the latent demand is projected to grow to $185 billion, a study said.
There are substantial growth opportunities but the industry w
Ashmore, a London-based investment manager, has signed up with the Shariyah Review Bureau (SRB) to supervise and manage the Shari’a Advisory requirements of its Islamic investments and debt proposition.
Ashmore plans to offe
Shariyah Review Bureau, one of the world's leading independent Shari’a Advisors, has been assigned by Falah Capital, a US-based investment group, to ensure the structure and operations of its new index funds are in compliance to Shari&
Doha-based QInvest and Qatar Islamic Bank have jointly launched a range of multi-manager funds, as the investment firm forges closer ties with its largest shareholder.
The three sharia-compliant funds are part of broader plans to
Saudi Arabia is the second largest market for Islamic funds globally with Assets Under Management (AUMs) exceeding $6 billion, according to a new study.
The Kingdom accounts for 20 per cent of the global Islamic funds market, said
Jeddah-based investment firm Sedco Capital plans to register its Islamic funds in Switzerland and distribute them through tie-ups with global private banks, part of efforts to diversify its client base outside Saudi Arabia.
Bahrain-based investment firm Gulf Finance House (GFH) hopes a leaner balance sheet and a revamped business model can revive the fortunes of a firm which once symbolised growth of the kingdom's Islamic finance sector.
The Islamic funds industry has rebounded from the downturn following the global financial slowdown in 2008 in much the same way as the conventional funds industry has recovered.
That was the message from organiser David McLean on
Doha-based investment bank QInvest, majority owned by Qatar Islamic Bank, says it plans to launch at least 30 Islamic funds over the next three years on a managed account platform which it introduced this week.
In the Islamic funds market there is a need to build a system that can facilitate effective and efficient capital and trading flows, said an expert ahead of the upcoming 'World Islamic Funds and Financial Markets Conference' (WIFFMC) in