As of September, there are 1,149 Islamic funds, the research firm said, predicting that the outlook for the last quarter of 2014 of the Islamic fund sector is broadly positive, with Islamic banking and capital market trends expected to reinforce the advancement of the shari’ah compliant funds sector.
"We forecast global Islamic AuM to fall between US$87.9 billion and US$97.3 billion by end-2017," the company noted online.
More about the review is available here.
*Image from the KFH Research website.