MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Sharia Compliant Funds
In 2012H1, assets under management for locally domiciled sharia compliant funds
in MENA increased to US$ 20.41 billion, or 24% of the MENA total. In 2011, locally
domiciled sharia compliant funds in MENA had assets under management of US$ 18.97
billion, or 22.5% of the MENA total for fund assets.
Sharia Compliant Mutual Fund Assets
(millions of U.S. dollars, June 2012)
Locally
Incorporated
Funds
Funds by
Geographic
Focus
Bahrain 173 -
Kuwait 1,433 1,194
Oman - -
Qatar 72 20
S. Arabia 18,366 16,011
UAE 223 300
Egypt 122 122
Jordan - -
Lebanon - -
Morocco 16 16
Tunisia 3 3
Turkey 1 1
GCC - 1,673
MENA - 414
Source: Lipper, a Thomson Reuters company
Average fund assets continue to be the highest in Saudi Arabia driven by large money
market funds.
201