14.01.2013 - Growing number of Mid East Islamic funds launch in Luxembourg
ALIF to offer Shari’ah-compliant custody and administration service as total assets under management hit estimated $5.3 billion with growing number of Middle East investment funds. Luxembourg ranks fifth worldwide by number of Shari’ah-compliant funds and the number of Middle East-based managers launching investment funds in Luxembourg has increased constantly. There are 41 regulated Shari’ah-compliant investment funds domiciled in Luxembourg and total Assets under Management in Shari’ah-compliant funds are estimated at $5.3 billion...............................................Full Article: Source
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