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Growth of Islamic funds stalls but investable assets increase

Posted on 26 May 2009

From Gulfnews.com: Sharia-sensitive investable assets in 2008 in the GCC and Asia touched $736 billion (Dh2.7 trillion) compared to $267 billion (Dh980 billion) in 2007, said the latest report by Ernst & Young.

“This translates into a potential annual revenue pool of $3.86 billion (Dh14 billion) for the Islamic asset management industry. Fund sizes however remain small, with over 50 per cent having assets under management of $20 million (Dh73.4 million) or less,” the report said…….Full Article: Source

 
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