Thomson Reuters releases Global Islamic Asset Management Outlook Report

Thomson Reuters published the findings of its Global Islamic Asset Management Outlook at the World Islamic Funds Conference in Bahrain. According to the study, Islamic funds are a US$60 billion industry forecasted to grow to at least US$77 billion by 2019, while the latent demand for Islamic funds is projected to grow to US$185 billion. There are substantial growth opportunities but the industry will struggle to reach its potential in the near- to mid-term to bridge the US$108 billion demand-supply gap. Outside of core markets Malaysia and Saudi Arabia, there are other growth pockets on the horizon for Islamic funds. Pakistan and Indonesia currently enjoy stable political climates; China is also opening up to Shariah-compliant funds.