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Islamic exchange traded funds poised for growth as interest grows

Posted on 14 September 2010

From Investmentinternational.com: There is huge room for growth in Islamic exchange traded funds with around 1.6 billion Muslims worldwide and $950 billion in assets under the management of the Islamic finance industry, it is claimed.
There are now Sharia-compliant ETFs trading on major stock exchanges around the globe, including Saudi Arabia, Europe, the US and Asia and currently 16 ETFs trading that are benchmarked to Islamic indices, with around $36 million in total assets across the funds, says iShares vice president Robert Broadwell……………………………………….Full Article: Source

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