Islamic asset management

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.

The German bank says the growth in the take-up of its Islamic products is outpacing its conventional funds business in Asia.

The new unit aims to create a stronger focus on the firm's Islamic institutional business, both onshore and offshore.

The Swiss private bank cites its sustainable investment credentials as an advantage when it comes to offering a range of Islamic wealth products.

Dubai WorldÆs request to restructure its debt is likely to reshape the understanding among investors and issuers of who holds the upper hand when it comes to bond-like sukuk.

FTSE and the Stock Exchange of Thailand add the FTSE SET Shariah Index to the marketÆs benchmarks.

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.