The insurer wants to be able to offer unit-linked products that invest 100% in offshore-focused sharia funds. Separately, it is looking to raise its corporate bond exposure.
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.
Islamic assets under management in Southeast Asia have shrunk, but less sharply than the global trend, according to AsianInvestor research. What's in store for this segment?
AsianInvestor presents its annual list of managers of Islamic funds. Their overall AUM fell 12.2% last year, but alternatives were a bright spot. More analysis of the data is to come.
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.