PAKISTAN: The value of Islamic income funds increased by 238% to PKR20 billion (US$231.46 million) in the financial year ended on the 30th June 2011, according to InvestCap Research.
This contributed to the 25% asset growth of the mutual fund industry to PKR250 billion (US$2.89 billion) in the period under review, compared to a decline of 2% in the financial year ended the 30th June 2010.