UAE: Conventional and Islamic funds from the MENA region amassed a total of US$64.5 billion in assets under management for the three month period ended the 31st March 2011.
Islamic funds domiciled in Qatar showed the highest asset weighted returns among Islamic equity funds in 2010 at 19.95% while returns on Saudi Arabia’s Islamic funds were at 13.61%.
On the other hand, GCC’s and UAE’s Islamic funds gave returns of 5.55% and 1.63% respectively in the same period.