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Infant Islamic funds industry stagnating

Posted on 26 May 2010

From Reuters: The number of Islamic fund liquidations is expected to rise unless the nascent industry can develop the scale needed to tap into a large enough pool of Muslim wealth to succeed, a director at Ernst & Young said.
Assets managed by Islamic funds are hovering at about $52 billion, a fraction of the Muslim wealth pool estimated to be $300 billion, Ashar Nazim, a director at Ernst & Young, told Reuters on the sidelines of a two-day Islamic capital markets conference which ends on Tuesday……………………………………….Full Article: Source

 
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