IslamicFinance.de

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.