Shariah-based unit trusts in Malaysia achieved a compound annual growth rate of 59% between 1992 and 2005. However, their net asset value (NAV) of RM8.6 billion (US$2.33 billion) accounted for only 8.5% of the industry NAV, Securities Commission chairman Zarinah Anwar has stated. Speaking at the MIF 2006 in Kuala Lumpur on Monday, Zarinah said Malaysia has a comprehensive Islamic capital market with a broad product range, including global Sukuk, Islamic REITs and Islamic residential mortgage-backed securities. “More critically, many....