Islamic Asset Management: An Asset Class On Its Own? Paperback

Dr. Natalie Schoon

Islamic asset management has been growing at a similar rate as the Islamic financial industry as a whole and at the time of writing close to 700 funds are incorporated in the major databases with an estimated funds under management of around $70 billion. This book reviews the Islamic asset management industry in detail, including the types of funds offered and their operational procedures. It shows that although there are differences between conventional and Islamic asset management, these do not appear to have a significant impact on how the funds perform. Sharia'a compliant funds are therefore an attractive alternative for Muslim and non-Muslim investors alike. Key Features Contains valuable information on Shari'ah compliant fund structures and the type of instruments that can be invested in Considers practical implementation matters such as operational issues, available indices and the role of the Shari'ah Supervisory Board Includes case studies of the funds available to investors including the BLME $ Income Fund, SWIP Islamic Global Equity Fund, the Saudi Al Rajhi Fund Range and the Malaysian blue chip i-VCAP-MyETF-DJIM25 Features a glossary of abbreviations and key Arabic terms Relevant to investors and practitioners in the industry, and to non-Muslims interested in investing based on the same set of principles, norms and values

9780748639960

English

Edinburgh University Press

31/Jan/11

184

Natalie Schoon is the Head of Product Development at the Bank of London and the Middle East. Dr Schoon gained a PhD from the University of Surrey in 2005, the subject of which was 'Residual Income Models and the Valuation of Conventional and Islamic Islamic Banks'. She is author of Islamic Banking and Finance (Spiramus Press, 2008).

A look at the Table of Contents of this book gives an idea of its scope and comprehensiveness. Its appearance among the finance literature marks the fact that Islamic asset management, along with Islamic finance in general, is moving from a niche status to be part of the mainstream, albeit with its own specificities. Those who read this highly informative book, written by an acknowledged industry professional, will acquire a clear insight into Islamic asset management and the opportunities it offers to both investors and asset managers. -- Simon Archer, MA PhD FCA FRSA, Visiting Professor, ICMA Centre, Henley Business School, University of Reading A look at the Table of Contents of this book gives an idea of its scope and comprehensiveness. Its appearance among the finance literature marks the fact that Islamic asset management, along with Islamic finance in general, is moving from a niche status to be part of the mainstream, albeit with its own specificities. Those who read this highly informative book, written by an acknowledged industry professional, will acquire a clear insight into Islamic asset management and the opportunities it offers to both investors and asset managers.