| From Zawya.com: Islamic funds have had a hard time of it. Despite the vast economic strides made by the Islamic finance industry, the Islamic funds industry has failed to follow in its footsteps. The recently published Islamic Funds & Investments Report 2010 by Ernst & Young (see page 18 of this magazine) revealed that global Islamic fund assets barely grew in size at $52.3 billion in 2009, compared to $51.4 billion in 2008.
To pour salt in the wound, the global conventional fund industry is beginning to exhibit signs of recovery from its lows of $19 trillion in 2008, reaching $22 trillion in 2009...........................................Full Article: Source
|