| According to the 5th annual Ernst & Young Islamic Funds & Investments Report (IFIR 2011) released at the World Islamic Funds and Capital Markets Conference, global Islamic fund assets under management (AuM) grew by 7.6% to $58 billion in 2010, up from $53.9 billion in 2009. The growth was largely due to market performance and partially on account of new money inflows.
Concentration in equities remains, as they account for 39% of the $58billion AuM, but bringing new money into equities is challenging. Fixed income, commodities and alternatives did well in 2010, which was a record year for Sukuk with issuance of $50 billion...............................................Full Article: Source
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