Development of Islamic FundsIndustry by Mir Muhammad Ali

Top 20 FREQUENT WORDS

islamic 47 funds 25 challenges 19 investors 11 overcoming 11 financial 9 shariah 9 conventional 8 facing 8 fund 8 management 8 development 7 markets 7 asset 5 compliant 5 investments 5 liquidity 5 developed 4 finance 4 growth 4 instruments 4 managers 4 products 4 rating 4 specific 4 standards 4 ubl 4

DOCUMENT KEY POINTS

• billion as of sep ubl funds siraj is the islamic investment division of ubl fund managers dedicated to offering shariah compliant a c united islamic income fund uiif investment solutions to a c united composite islamic fund ucif investors
• founded in ubl fund managers is the largest asset management company in pakistan a managing assets of over rs

• local overview a c islamic asset management is one of the fastest growing sectors within the islamic finance industry today a c the growth in aum of islamic funds is commendable as just in mcy the assets have grown by over to pkr
• of the total mutual fund industry which is a total pie of pkr bln

• challenges facing islamic funds a c limited product offering a c presently there is much discussion about the need for new products ranging from commodity funds sector specific funds reits and various other hedge fund strategies in the conventional market
• in hindsight the development of shariah compatible inter bank markets liquid financial instruments and risk management mechanisms is the need of the hour

• overcoming the challenges a c enhanced liquidity management a c establishing appropriate risk and liquidity management techniques a c the sustenance of any primary market depends heavily on the development of a sustainable and robust secondary market
• islamic investors like conventional ones portray varying risk preferences and a well structured and well regulated secondary market should be developed to reflect this

• overcoming the challenges a c strategic alliances partnerships a c islamic funds as a product requires multiple parties to come together
• a c these alliances can take place in the form of joint ventures co branding franchising outsourcing etc

• not only do the islamic investors need to be educated on the need for matching long term financial goals with appropriate investments but they must also be explained the principles of shariah compliant investing
• a c it is here where the job of the islamic industry is twice as hard

• overcoming the challenges a c focus on retail investor base a c while there is nothing wrong with an institutional retail divide it is important to develop the retail side a c both a a top down and a bottom up approach is required that assures that in time all sectors of a diverse market are served
• a c the overreaching goal namely the development of a robust and mature market can become jeopardized if only the top end develops

• what we do today will determine the success of the islamic funds industry in the future
• the sustainability of this industry is our responsibility

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DOCUMENT WORD ANALYSIS

Main Category

AlHuda Material\sukuk islamic

KeyWords

fund islam invest shariah equities asset manage stock index companies global marketability production return risk investor countries sharecropping busi financi

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DOCUMENT REFERENCES

Number of Pages

27

Published Date

2016-09-17 00:54:29

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