| From Thejakartaglobe.com: With the “green shoots” of recovery increasingly evident, one of the country’s largest fund managers, PT Schroders Investment Management Indonesia, has confirmed a long-delayed plan to issue its first Shariah mutual fund in the hope of jump-starting the small Islamic fund market in the world’s most populous Muslim-majority country.
“The domestic Shariah market has not grown significantly, so [we] put off entering the market and instead focused on educating the market first,” Schroders director Michael Tjoajadi said on Monday. “This will help us reap the benefits later.” ........Full Article: Source
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