Fitch Ratings: Islamic fund growth rate outpacing wider market

84% nominal growth

clock • 1 min read
Islamic mutual funds growing 'substantially'

Islamic mutual funds growing 'substantially'

The growth rate in assets of Islamic funds has exceeded that of the broader mutual fund industry, according to estimates by Fitch Ratings.

The firm noted that assets under management in Islamic mutual funds have increased "substantially", peaking at the end of Q2 last year at around $130bn, before falling to around $120bn by the end of the year. Nevertheless, the growth rate for Islamic funds was estimated at 84% nominal and 13% annualised, exceeding the broader global mutual fund industry which saw nominal and annualised growth of 68% and 11% respectively. Islamic finance could be key to effective ESG investing According to the report, authored by Alastair Sewell and Bashar Al Natoor, Saudi Arabia and Malaysia remain...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Funds

Bestinvest's bi-annual Spot the Dog finds over £45bn is still in underperforming portfolios

Bestinvest's Spot the Dog finds fewest underperformers in six years

Number of dog funds more than halves

clock 08 August 2022 • 4 min read
The £237m Baillie Gifford British Smaller Companies Fund was rated as not providing value.

Baillie Gifford UK equity strategies suffer low ratings in AoV

One red and four amber funds

clock 08 August 2022 • 2 min read
Royal London group chief executive Barry O'Dwyer

RLAM AUM shrinks 9% in H1 but sustainable funds remain popular

9% decline in AUM

clock 05 August 2022 • 2 min read