‘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.