Monday 26, May 2008 by

Shari’ah sensitive assets of investors in the GCC and Far East touch $267 billion, says E&Y

The Islamic Funds and Investments Report 2008 (IFIR 2008), released today at the World Islamic Funds and Capital Markets Conference by Ernst & Young, states that Shari’ah sensitive investable assets in the GCC and Far East have reached $267 billion as a result of strong economic expansion, increased government expenditure and high levels of liquidity. This translates into a potential annual revenue pool of $1.34 billion for the Islamic asset management industry. The report focuses on markets in the GCC, Malaysia and Indonesia.

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