MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Sharia Compliant Funds
Breakdown of Sharia Compliant Funds by Country
(June 2012)
Breakdown by Numbers
Breakdown by Assets
Egypt
4.5%
UAE
4.5%
Qatar
1.2%
Other
3.7%
Bahrain
4.5%
Kuwait
13.6%
Egypt
0.6%
UAE
1.1%
Qatar
0.3%
Other
0.4%
Bahrain
0.8%
Kuw ait
7.1%
S.Arabia
67.9%
S.Arabia
89.6%
Source: Lipper, a Thomson Reuters company
Trends by Fund Type (based on data for locally domiciled funds)
Overview
In 2012H1, sharia compliant fund assets increased by 8%, with estimated net
inflows of US$ 1.5 billion. Sharia compliant money market funds were, again, the main
driver. Money market fund assets increased by 11% and experienced net inflows of US$
1.32 billion. Equity fund assets increased by 1%, with net inflows of US$ 54 million.
In 2011, sharia compliant fund assets decreased by 14%, with estimated net outflows of
US$ 3.34 billion. In terms of types of funds, money market fund assets fell by 16%, with
US$ 2.25 billion in net outflows. Contrary to this trade finance funds grew by 8.8% with
estimated net inflows of US$ 526 million. The bulk of the movement in sharia compliant
fund flows emanated from money market funds category. Equity fund assets fell by 10%
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