Shariah compliant assets domiciled in Guernsey and Jersey experienced uniform outflows in all tracked public fund segments in Q1 2026, the IFN Investor Funds Database shows.
The exodus underscores a distinct departure from onshore cash-hoarding trends, implying that institutional allocators indiscriminately pulled capital from Channel Island structures.
Total AuM within the dominant offshore commodity framework contracted 2.3% quarter-on-quarter (q-o-q), paring valuations to US$8.07 billion from US$8.26 billion in Q4 2025. This single monolithic fund continues to anchor the regional footprint, accounting for over 92% of all tracked Channel Islands Shariah assets.
Simultaneously, alternative cash and debt vehicles faced sequential drawdowns over the three-month period. Offshore money market allocations dropped by 4.87% to close at US$639 million, reversing previous multi-quarter accumulation trends.
Fixed income experienced the largest retreat, cratering by 81.8% q-o-q to US$20.76 million from the prior high of US$114.07 million.
The synchronized decline across commodities, cash, and fixed return plays indicates that offshore wealth channels in the Channel Islands
navigated broad repatriation in Q1 2026 instead of simple rotational asset switching.
| Domicile | Asset Class | Funds | Q1 26 (US$ Mln) | Q4 25 (US$ Mln) | Q1 25 (US$ Mln) | Q-o-Q (%) | Y-o-Y (%) |
| Guernsey & Jersey | Commodities | 1 | 8,068.54 | 8,258.16 | 5,597.17 | -2.3 | 44.15 |
| Equities | 2 | 42.53 | 45.62 | 44.59 | -6.76 | -4.62 | |
| Fixed income | 1 | 20.76 | 114.07 | 111.51 | -81.8 | -81.38 | |
| Mixed assets | 1 | 25.47 | 27.65 | 42.85 | -7.88 | -40.56 | |
| Money market | 1 | 639 | 671.73 | 615.79 | -4.87 | 3.77 | |
| Total AuM | 8,796.3 | 9,117.23 | 6,411.91 | -3.52 | 37.19 |
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