Global Islamic funds market grows 300% in decade - report

The global Islamic funds market has grown by more than 300% over the last decade to nearly reach $200 billion in assets under management, the Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI) said on Wednesday.

Islamic assets under management (AuM) grew 13.7% in 2020 despite the COVID-19 pandemic, though that was slower than the 35.1% growth of 2019, it said in a report.

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