Islamic investment funds stock market is one of the areas fastest growing in the financial Islamic system. Currently, there are about 100 capital funds in the Islamic world. The total assets managed by these funds currently exceed $ 5 billion and is growing by 12-15% per year. With the continued interest in the Islamic financial system, there are positive signs that more funds will be launched. Some Western majors have joined the fray or are planning to launch similar products in the Islamic equity.
Despite these successes, this market has seen a record of poor marketing emphasis on products and not the needs of investors. In recent years a large number of funds have closed. Most funds tend to target individuals with high net worth companies and institutions, with minimum investments of U.S. $ 50,000 to U.S. $ 1 million. Target markets for Islamic funds vary, some respond to their local markets, for example, Malaysia and Gulf based investment funds. Others clearly target the Middle East and Gulf, neglecting local markets and have been accused of failing to serve Muslim communities.
Since the launching of Islamic investment funds in the early 1990s, there was the establishment of criteria for credible Islamic equity stock index Dow Jones (Dow Jones Indexes pioneered indexing Islamic investment in 1999) and the FTSE Global Islamic Index Series. Failaka.com The website monitors the performance of funds of Islamic capital and provide a complete list of Islamic funds worldwide.
No comments:
Post a Comment