Eurekahedge

Islamic funds register modest growth to $91 bn in 2014

Global assets under management by Islamic funds grew slightly last year and are likely set for rapid growth in coming years as the relatively young Muslim population of the world ages, hedge fund analysis firm Eurekahedge says. Assets under management peaked at about $91 bn in the second half of 2012, but are still up sharply from less than $50 bn at the beginning of 2007, Eurekahedge data shows. The firm says the Islamic finance industry globally now measures about $2 tn, including Islamic banking, sukuk (financial certificates), takaful (insurance) and Islamic funds. Islamic banking accounts for about 80 percent of the sector, while sukuk issuances account for about 15 percent.

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