The only sharia-compliant superannuation fund of Australia is looking out for investing options into new areas of alternative assets, to diversify its growing capital base.
The Islamic insurers’ need to preserve liquidity could leave them well placed to buy equities, once Malaysia finally emerges from the coronavirus pandemic.
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.
After only a week, a quarter of the sharia-compliant part of the $160 billion state pension fund has been taken up by members. But the institution is unlikely to run all of its assets in this way.
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.
The segregated asset pool, set to launch next year, will initially be managed in-house, but the state pension may seek external managers and expand its size down the line.
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.
The International Centre for Education in Islamic Finance pits the performance of socially responsible funds against sharia-compliant peers and unearths some interesting findings.