Lack of support leads to dead end for Islamic funds
Despite it outperforming conventional ones and accounting for 6 percent of a nearly $1 trillion industry, Islamic funds still have no support from institutional investors and as a result may stagnate this year.
October 3, 2011 1:47 by Precious de Leon
…industry’s reputation, but that continued consolidation would ultimately hurt the industry.
“I would say please don’t liquidate these funds. We are a small market and cannot afford shrinkage in end-client choice.” (By Shaheen Pasha; Editing by Andrew Torchia)
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