Sharia investing needs a boost in the Gulf, say fund execs

Saudi Arabia’s recent $9 billion debut global sukuk bond issue may help the Middle East to hold onto its crown as the Islamic world’s premier investment destination, but governments in the region could do a lot more to underpin market development, say asset management executives. As AsianInvestor’s annual list of the 50 biggest Islamic fund managers shows, Malaysia is now only $1.87 billion behind Saudi Arabia in terms of sharia-compliant assets under management, as reported on Mo…