AsianInvestor has researched its first ever ranking of Islamic fund managers. Here we list the top 10 by assets under management, amid hopes that the industry can globalise.
Tag : sharia
The UK bank is seeking a bigger share of the $60 billion market for sharia-compliant funds under management by globally standardising its securities services offering.
The German bank says the growth in the take-up of its Islamic products is outpacing its conventional funds business in Asia.
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The Malaysian firm is pitching for more institutional mandates and hopes to benefit from money contributed to the state-run Employees Provident Fund being shifted into unit trusts.
The Swiss private bank cites its sustainable investment credentials as an advantage when it comes to offering a range of Islamic wealth products.
FTSE and the Stock Exchange of Thailand add the FTSE SET Shariah Index to the marketÆs benchmarks.
Taurus Mutual Fund launches India's first actively managed sharia-compliant fund available to the retail market.
Malaysia now has more sharia funds than Saudi Arabia, but is still second in terms of assets under management.
Cerulli projects a 12% compound annual growth in sharia assets in the next five years once the current volatility subsides.
The Al Safi Trust alternative investment platform is launched in Dubai featuring five commodities hedge funds that comply with sharia law.
The Daiwa exchange-traded fund will track the largest and most liquid listed companies in Japan that comply with Islamic legal principles.
The market claims a critical mass of sharia experts and scholars who can advise on sharia compliance, and a pool of investment management professionals to manage Islamic investments. Part two of a four-part interview with Nik Ramlah Mahmood of MalaysiaÆs Securities Commission.