Wednesday 24 November 2010

Mobius Says Equities Will Drive Growth of Islamic Fund Industry - Bloomberg

Mark Mobius of Templeton Asset Management Ltd. comments on Islamic finance and Shariah- compliant funds. He spoke at a conference in Manama today.

“I’m personally a big fan of these Islamic funds because I think the idea of equity is very important. I think that the equity side is where we are going to see big growth going forward.

‘‘The potential is very, very great. We believe that the potential assets that are available to the Islamic asset management industry goes over $480 billion.

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