The Islamic capital market’s product issuers and service providers still operate on a small scale, especially relative to their conventional counterparts, said Securities Commission (SC) managing director, Dr Nik Ramlah Mahmood.
She said this was a critical challenge for Islamic fund managers globally as a recent industry report on Islamic funds worldwide showed that only 30 per cent of these managers had over US$100 million in assets under management while almost 40 per cent were managing less than US$25 million……………………………………….Full Article: Source