Gulfmena Investments, which is shifting from asset manager to service provider, is helping a US-Malaysian firm to launch a product in Saudi. It says European AMs are eyeing Dubai.
Tag : saudi arabia
Higher income expectations, healthy savings and rising aspirations will fuel consumer spending in 2011, according to a new Credit Suisse survey of seven emerging markets.
Malaysia now has more sharia funds than Saudi Arabia, but is still second in terms of assets under management.
The JV has received regulatory approval. The two parties are also moving forward with a joint venture in Islamic insurance, known as a takaful.