UK: Oasis Crescent has launched in London, offering Shariah compliant (Undertakings for Collective Investment in Transferable Securities) UCITS funds.
The firm said that the Islamic investment market in the UK is currently valued at under GBP1 billion (US$1.56 billion), but has the potential to grow to between GBP120 billion (US$187.26 billion) and GBP160 billion (US$249.68 billion).