The expanding shariah-compliant investment fund universe has been attracting more and more fans from outside the Islamic world, as their overall volume of capital under management grows and attention shifts to alternative products and asset types not implicated in the post-2008 crisis.
According to the Ernst & Young Islamic Funds and Investments Report 2011, “the Islamic funds industry grew to US$58 billion in 2010, achieving a 7.6% growth. The Islamic fund universe comprises of some 100 fund managers”. With change and development sweeping through the Islamic world, shariah-compliant investing seems only destined to grow further………………………………………..Full Article: Source