MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Sharia Compliant Funds
Average Mutual Fund Assets
(millions of U.S. dollars, June 2012)
Locally
Incorporated
Funds
Funds by
Geographic
Focus
Bahrain 15.8 -
Kuwait 44.8 49.7
Oman - -
Qatar 23.9 6.5
S. Arabia 114.8 165.1
UAE 20.3 74.9
Egypt 10.2 11.1
Jordan - -
Lebanon - -
Morocco 8 8
Tunisia 1.1 1.1
Turkey 0.5 0.5
GCC - 39.8
MENA - 29.6
Source: Lipper, a Thomson Reuters company
In 2012H1, in terms of funds by type, equity funds were the most numerous
amongst sharia compliant funds accounting for 69% of the count, but these made up just
31.5% of sharia compliant fund assets. Money market funds made up 16.2% of the
count and 62% of sharia compliant fund assets.
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