Yasaar and FTSE plan enhanced Islamic indexing service in Asia.
Islamic asset management
Islamic funds – those managed in compliance with sharia law – are an $84 billion-plus industry, according to AsianInvestor research, that is expected to continue to grow.
Malaysia's first Shariah-compliant dual-currency, structured investment product is now on offer. Here's how it works.
Malaysia now has more sharia funds than Saudi Arabia, but is still second in terms of assets under management.
India-based Reliance Asset Management and Kuwait-based Global Investment House join three other international Islamic fund managers already licensed by the Securities Commission.
Cerulli projects a 12% compound annual growth in sharia assets in the next five years once the current volatility subsides.
Taurus Mutual Fund launches India's first actively managed sharia-compliant fund available to the retail market.
NBAD Asset Management and Franklin Templeton are eyeing more niche sharia-compliant strategies. This comes as the Islamic alternatives space continues to see swift growth.
AsianInvestor has compiled its second annual list of the biggest fund houses by sharia-compliant assets. The largest 50 saw their Islamic assets rise by a quarter last year.
AsianInvestor has researched its first ever ranking of Islamic fund managers. Here we list the top 10 by assets under management, amid hopes that the industry can globalise.
The UK bank is seeking a bigger share of the $60 billion market for sharia-compliant funds under management by globally standardising its securities services offering.
Having recently launched two sharia equity strategies, the US asset manager plans to manage more assets out of Kuala Lumpur.
The Malaysian firm is pitching for more institutional mandates and hopes to benefit from money contributed to the state-run Employees Provident Fund being shifted into unit trusts.