MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Sharia Compliant Funds
Focus: Islamic Funds
Current Status and New Markets
Detlef Glow– Head of EMEA Research - Lipper
Karim Arafa - Islamic Funds Analyst - Lipper
Overview
The Islamic fund universe has come a long way in
the last 20 years. In 1993, there were only ten
Islamic funds available. Today, there are 626.
Starting with the financial crisis in 2008, Islamic
funds experienced a trend of increasing yearly
launches. However, it seems this growth pattern
has halted, with only 34 new funds launched this
year to date.
New Fund Launches
(annual data except for 2012)
70
60
Number of Funds
50
40
30
20
10
40
66
59
34
0
2009 2010 2011 Sep-2012
Source: Lipper, a Thomson Reuters company
193