GCC Islamic funds enjoyed the highest fund flows post financial crisis | GulfNews.com

GCC Islamic funds enjoyed the highest fund flows post financial crisis | GulfNews.com:

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Image Credit: Source: Thomsun Reuters/Gulf News

Gulf Islamic funds have bucked the global trend of declining assets under management (AUM) in the same space in the past few years, according to Thomson Reuters Global Islamic Asset Management Report 2014.
Assets under management of GCC Islamic funds have been increasing, post global financial crisis and the 2011 political turmoil in the Arab world, even though AUM have been decreasing for the global Islamic fund industry, the report states.
While Islamic funds globally have doubled since 2007, the AUM have marginally gone up in the last few years, and have in fact declined 1.7 per cent in 2013. The full report will be released next week at the Global Islamic Economy summit in Dubai."

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