Investment houses willing to take on the Shariah compliant funds market will reap significant rewards...
Investment houses willing to take on the Shariah compliant funds market will reap significant rewards as the sector continues to grow, according to PriceWaterhouse Coopers. In a new research paper, the actuary adds current forecasts estimate Shariah equity fund assets to increase from $15bn in 2008 to $53bn by 2010. Elizabeth Stone, investment management tax partner, says: "Funds structured on Shariah principles provide conventional asset managers with a new pool of investors. "The relative infancy of the sector is evident by the lack of Shariah-compliant products being offered by ass...
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