| 04.10.2011 - Islamic funds 'to see zero to negative growth' |
| Growth of the global Islamic asset management industry will likely halt or reverse this year as the industry struggles with poor sentiment in financial markets and lacklustre interest among Islamic institutional investors. Islamic funds' assets grew 7.6 percent in 2010 to $58 billion, according to a report by consultancy Ernst & Young, much slower than growth of 35 percent experienced by conventional funds. .............................................Full Article: Source |