Islamic index products struggle in Gulf investment culture
Islamic exchange-traded funds (ETFs) are having serious difficulty attracting new investment while Western investors, on the other hand, move into conventional ETFs. This contrast is said to be caused by the Gulf's investment culture and the principles choice of financial products by institutions. Despite expected growth in Islamic ETFs due to higher interest in financial products like sukuk, amounts of fresh money committed to Islamic ETFs have hardly risen or have even stopped.
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