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Malaysia attracts Islamic US funds

Posted on 18 August 2010

From Btimes.com.my: Malaysia is attracting Islamic investment funds from the US seeking higher returns in Asia as growth in developed economies slows.
“Emerging markets is where we see global growth going for the next couple of decades and the source for a lot better opportunities,” Bryce Fegley, chief investment officer at Saturna Sdn Bhd, the Malaysian unit of Saturna Capital LLC, the biggest syariah-compliant stock fund in the US, said in an interview on August 10. Saturna’s expertise in Islamic finance “steered us to Kuala Lumpur as opposed to Singapore, Hong Kong or other emerging markets,” he said……………………………………….Full Article: Source

 
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