Islamic finance in Europe (64)

Continuation

As regards Islamic investment funds, in 2011:

-      the size of assets under management stood at USD 60 billion;

-      the number of funds rising to 876;

-      and accounting for approximately 4.6% of global Islamic financial assets.

In terms of fund domicile, Saudi Arabia remains the key market for Islamic investors.

This country accounted for 42.4% of the industry in 2011.

It followed by:

-      Malaysia at 25.9%

-      United States at 7.9%

-      Kuwait at 4.9%

-      and Ireland at 4.1%.

From the research paper of European Central Bank

(Authors: F.Mauro, P.Caristi, S.Couderc, A.D.Maria, L.Ho, B.K.Grewal, S.Masciantonio, S. Ongena and S.Zaher)