‘Untapped’ Endowments May Boost Shariah Funds
Managers of Islamic endowments with $105 billion in assets are seeking to diversify out of bank deposits, providing Shariah-compliant funds with the chance to capture new business.
Assets held by Islamic funds have stagnated at around $52 billion since 2008.
Islamic endowment institutions should diversify their real- estate holdings into government sukuk and other products.
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