MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Bahrain
Number of Mutual Funds
(end of period)
End of
Locally
Incorporated
Foreign
Funds
Total Number
of Funds
Sharia Compliant
Funds
Period Funds
2003 42 1,348 1,390 47
2004 58 1,530 1,588 60
2005 86 1,796 1,882 71
2006 97 2,102 2,199 80
2007 124 2,360 2,484 87
2008 141 2,475 2,616 101
2009 137 2,573 2,710 102
2010 129 2,638 2,767 106
2011 127 2,711 2,838 101
Oct-2012 122 2,689 2,811 98
Source: Central Bank of Bahrain
Locally incorporated fund assets largely recovered the losses in 2010 from the previous
year only to trace back. Foreign fund assets have been stagnant since 2009. however,
sharia compliant fund assets have grown sharply in 2012.
Mutual Fund Assets by Domicile and Assets of Local Sharia Compliant Funds
(millions of U.S. dollars where relevant, end of period)
Sharia
End of
Locally
Incorporated
Foreign
Funds Total Funds
Compliant
Funds
Period Funds
2002 496 3,542 4,038 127
2003 719 3,513 4,232 137
2004 1,169 3,557 4,726 301
2005 2,803 4,855 7,658 1,013
2006 2,723 6,311 9,034 752
2007 4,532 11,073 15,605 1,343
2008 5,743 4,983 10,726 1,788
2009 5,186 3,547 8,733 1,704
2010 5,659 3,514 9,173 1,571
2011 4,983 3,395 8,378 1,692
Oct-2012 5,098 3,146 8,244 2,496
Source: Central Bank of Bahrain
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