The third report of Ernst & Young devoted to investment funds and Islamic investments have been made public on the occasion of the International Conference on Islamic funds and capital markets, which was held in Bahrain, May 25.
These assets include investments made by many market participants using different instruments, such as Awqaf (donations to charities often recognized public utility), contributions to foundations, Takaful (insurance companies mutuals and co-operatives) and sovereign wealth funds. This translates into a potential source of income of 3.86 billion U.S. dollars for the industry Islamic asset management. Investment funds, however, remain small in size, since more than half of them have less than U.S. $ 20 million in assets under management.
The number of new funds launched has dropped from 271…
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