Wealth from investors in the Gulf will add more than $70bn to Islamic funds by 2013, Ernst & Young MENA said on Monday.
Shariah funds may struggle to boost assets this year and in 2012 due to the “increasing likelihood of sovereign debt crisis in Europe and a double dip recession in the US,” Ashar Nazim, Islamic financial services leader at Ernst & Young wrote in the report……………………………………….Full Article: Source