Malaysia tops shariah funds list

The Financial Standard:Malaysia may have overtaken Saudi Arabia to boast the highest number of shariah funds in the world - but the Asian Islamic country has a long way to go in building up assets for each of its 145 funds, according to a new report.

November figures from a Cerulli Associates report noted that the number of shariah funds in Malaysia totaled 145, compared with Saudia Arabia's 131. These range from investments in money markets and sukuk (bonds) to regional and global equities...Continue Reading