Islamic Asset Management sector has potential to grow | GulfNews.com

Islamic Asset Management sector has potential to grow | GulfNews.com:

"The Islamic fund industry manages about $46 billion, which in the context of the total global asset management figure, which stands at $60 trillion according to Thomson Reuters, is miniscule. If the Islamic asset industry were to tap just one per cent of the total global asset management, it would mean Dh600 billion, which would represent a massive boost to the relatively nascent industry. But can this be a possibility in the years ahead?
That was the question posed to the panelists at the first Global Islamic Economy Summit 2013. They suggested that there are few issues, both within and without, that needs be addressed for the Islamic asset management and investments to grow in the post global financial crisis period.
Performance of the funds is key to bringing in clients, both institutional and retail."

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