Ernst&Young
`Untapped' $105 Billion Endowment May Boost Shariah Funds
Mon, 2010-11-15 10:30 — newsdeskManagers of Islamic endowments with $105 billion in assets want to provide Shariah-compliant funds with the chance to capture new business by seeking to diversify out of bank deposits
Ernst&Young state that assets held by Islamic funds have stagnated at around $52 billion since 2008.
Nida Raza has the strong oppionion that islamic endowment institutions should diversify their real- estate holdings into government sukuk and other products.
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