| From Arabnews.com: The Islamic fund management industry, long considered to be the Cinderella asset class of the Islamic finance sector, is set to gain momentum especially in Southeast Asia and Saudi Arabia. The Kingdom and Malaysia are the two largest markets by far for Islamic investment funds, both in terms of net asset value (NAV) and number of funds.
Indeed, Zarinah Anwar, chairman of the Securities Commission Malaysia (SC), the securities and fund regulator, confirmed that Malaysia’s Islamic fund management industry is the fastest growing segment of Malaysia’s Islamic capital market (ICM) with an annual compounded growth of more than 25 percent over the last 5 years..............................................Full Article: Source
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