ISLAMIC FINANCE - Investing with Islam
More funds that comply with shariah law are springing up, both in Malaysia and in the Gulf region, as investors grow keener on Islamic finance products. The potential for further growth is large, and some obvious instruments lend themselves to such funds. Chris Wright buys into the concept of Islamic-themed funds.
Rising wealth and a growing awareness of Islamic finance in the Gulf and Malaysia is creating the perfect environment for a booming shariah-compliant fund management industry.
It's a sector that already has scale. Zawya, the financial research group based in Dubai, tracks 82 shariah-compliant mutual funds in the Gulf
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