MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Sharia Compliant Funds
While the reduction in new launches may be a regular market fluctuation, sukuk issuance
has increased exponentially over the past few years. This surge shows sukuk is a
preferred investment option, possibly affecting the already low demand for Islamic funds.
Global Sukuk Issuance
(US$ billion)
US$ billion
180
160
140
120
100
80
60
40
20
0
2008 2009 2010 2011 2012E 2013F
Source: Thomson Reuters Zawya IFG
The concentration of Islamic funds is seen mainly in the Gulf Council Countries (GCC)
and Malaysian markets which account for over 80% of all Islamic funds. Only 36 Islamic
funds are registered for sale in Europe and 10 funds in the Americas.
Market Share by Sales Registration as of September 30, 2012 (Islamic Funds Only)
(US$ billion)
Americas
1%
Other
10%
Europe
6%
Malaysia
34%
GCC
49%
Source: Lipper, a Thomson Reuters company
194