| From Islamicfinanceasia.com: Despite the enormous economic strides made by the Islamic financial realm in recent years, Islamic funds have been substantially lagging behind. The recently published Islamic Funds & Investments Report 2010 by Ernst & Young revealed global Islamic fund assets barely grew in size at US$52.3 billion in 2009 compared to US$51.4 billion in 2008.
Overall, the Islamic asset management industry, including funds and Islamic investment accounts, has reached US$292 billion. In comparison, the global conventional fund industry is beginning to exhibit signs of recovery from their lows of US$19 trillion in 2008, reaching US$22 trillion in 2009..............................................Full Article: Source
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