WORLD - Ernst & Young: The growth of Islamic assets Funds 7.6% in 2010

234next.com - Ernst & Young said on Monday that the assets held by Islamic funds around the world, jumped 7.6 percent in 2010 to 58 billion dollars, which is due to new cash flows and the strength in fixed income, commodities and alternative investments.

Compared to the origins of Islamic funds $ 53.9 billion in 2009 and 4.51 billion dollars in 2008. (source)

But may be difficult to repeat the same growth rate this year is busy with asset managers in 2012, objects of global uncertainty, such as sovereign debt crisis in Europe and the possibility of renewed recession in the United States according to the latest annual report on the sector of Ernst & Young.

I said Nazim Services Director of Islamic finance for the Middle East and North Africa with Ernst & Young in a statement: "the path of the global economy and the reluctance of investors about the risks and consequences of the Arab spring are the top three risks for the managers of Islamic funds."

There are 800 boxes in the Islamic world constitute 5.6 percent of the Islamic finance industry, amounting to a trillion dollars. But 70 percent of the funds are still struggling to achieve equal revenues and costs estimated at $ 100 million based on the average management fees.

Continued consolidation within the sector with the launch of 23 new Islamic fund in 2010 to 46 fund was liquidated. The 23 fund was liquidated in 2009.

Nazim said, "will grow more significant of the growing difficulty of winning the confidence of investors."

Funds are still facing difficulties in light of the lack of assets and high quality Islamic products to invest in them in addition to the over-reliance on institutional funds, not funds, retail investors, which can attract affluent customers.

Funds are not retail investors currently only 33 percent of Islamic funds worldwide. But it is expected to add liquid wealth for investors who prefer Islamic banking in the Gulf more than $ 70 billion to Islamic funds by the year 2013.

Ernst & Young said on Monday that the assets held by Islamic funds around the world, jumped 7.6 percent in 2010 to 58 billion dollars, which is due to new cash flows and the strength in fixed income, commodities and alternative investments.

Compared to the origins of Islamic funds $ 53.9 billion in 2009 and 4.51 billion dollars in 2008.

But may be difficult to repeat the same growth rate this year is busy with asset managers in 2012, objects of global uncertainty, such as sovereign debt crisis in Europe and the possibility of renewed recession in the United States according to the latest annual report on the sector of Ernst & Young.

I said Nazim Services Director of Islamic finance for the Middle East and North Africa with Ernst & Young in a statement: "the path of the global economy and the reluctance of investors about the risks and consequences of the Arab spring are the top three risks for the managers of Islamic funds."

There are 800 boxes in the Islamic world constitute 5.6 percent of the Islamic finance industry, amounting to a trillion dollars. But 70 percent of the funds are still struggling to achieve equal revenues and costs estimated at $ 100 million based on the average management fees.

Continued consolidation within the sector with the launch of 23 new Islamic fund in 2010 to 46 fund was liquidated. The 23 fund was liquidated in 2009.

Nazim said, "will grow more significant of the growing difficulty of winning the confidence of investors."

Funds are still facing difficulties in light of the lack of assets and high quality Islamic products to invest in them in addition to the over-reliance on institutional funds, not funds, retail investors, which can attract affluent customers.

Funds are not retail investors currently only 33 percent of Islamic funds worldwide. But it is expected to add liquid wealth for investors who prefer Islamic banking in the Gulf more than $ 70 billion to Islamic funds by the year 2013.

Source :  http://234next.com/csp/cms/sites/Next/Money/Finance/5743701-146/ernst__young_the_growth_of.csp - Sept 26 2011