Shariah-Compliant funds are a $60 billion industry forecasted to grow to at least $77 billion by 2019, while the underlying demand for Shariah funds is projected to grow to $185 billion over the next five years according to The Global Islamic Asset Management Outlook published by Thomson Reuters.
The study based on a survey of key asset managers, investors, and other market players such as regulators, consultants, and financial institutions says there are substantial growth opportunities but the industry will struggle to reach its potential in the near-to midterm.
