Shariah investments continue growth spurt in SE Asia
06 August 2018
News & Press Release
Shariah-compliant investments are gaining further ground in Asia – with growth from Islamic finance powerhouse Malaysia particularly strong and rising amounts of business from Indonesia – according to research published last week.
Among the reasons that Asia Shariah asset management industry is making progress, is thanks in part to “supportive government policies”, according to the latest Cerulli Associates research into the matter.
Growth continues to be concentrated in South-East Asia, with Malaysia remaining at the forefront with USD28.4bln in Shariah mutual fund assets under management (AUM) in 2017, according to data from the Securities Commission (SC).
Indonesia grew its Shariah mutual fund market by 90% to nearly USD2bln in AUM in 2017, benefitting from the 2015 lifting of the 15% limit on Shariah funds’ overseas investments, which paved the way for the launch of nine foreign-invested funds as of December 2017
Source: IFN News, 3 August 2018