12.04.2011 - Islamic funds urged to tap new markets
The $52 billion international Islamic funds industry is being urged to offer more innovative areas of investment and to expand into untapped geographical markets by leading Sharia scholar Dr Mohammed Daud Bakar. According to Ernst & Young data, Islamic assets under management currently amount to almost $52bn across 700 worldwide funds. "But most funds are dedicated to equities and everybody is doing that," said Dr Bakar..............................................Full Article: Source
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