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Gulf Shariah-sensitive investment to rise

Posted on 09 May 2012

Liquid wealth of Shariah-sensitive investors in the GCC is expected to add more than $70 billion to Islamic funds by 2013, Ernst & Young Islamic Funds and Investments Report 2011 said.
“This, along with the fact that Islamic funds industry had registered a growth of 7 percent in AuM last year - shaking off a period of stagnation - indicates a significant opportunity to harness the full potential of Shariah-compliant investments”, David McLean, Chief Executive of the World Islamic Funds and Financial Markets Conference, said……………………………………….Full Article: Source

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