Malaysia is set to overtake the Middle East as the global hub for Islamic investments in terms of assets under management. What can Gulf countries do to counter this trend?
Malaysian asset managers' share of global sharia-compliant funds could overtake that of firms based in Saudi Arabia, according to AsianInvestor's annual ranking this year.
The Malaysian $30 billion state pension plans to make all its portfolios 100% sharia-compliant and may reduce its performance target in light of prevailing low yields.
Islamic banks are not so different from their conventional counterparts, and this needs to be addressed, finds research from The International Centre for Education in Islamic Finance.
Last year saw a decline in Islamic assets under management globally, but some firms heavily bucked the trend both on the downside and upside, according to AsianInvestor research.
Islamic assets managed in the Middle East shrank overall last year, but sharia alternative investments were a bright spot, finds AsianInvestor research ranking firms by AUM.