British insurer Prudential (PRU.L) plans to launch two Islamic equity funds in Dubai in the coming months and apply for an asset management licence in Indonesia, an official said on Monday.
Demand for sharia funds would be strong once Dubai bounces back from an economic slowdown, said Mark Toh, Prudential Corp Asia's regional Islamic fund management head.
"If Muslims have a choice, they would invest in (Islamic funds), previously there were none," Toh said on the sidelines of a fund launch. "There are very little of such products available not just for Malaysia, but for the global market as well."
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