Commodities drive 42% surge in Asia Pacific Shariah asset growth

GLOBAL: Shariah compliant assets in Asia Pacific grew 42% year-on-year to US$45.41 billion at the end of Q1 2026, according to the IFN Investor Funds Database. The expansion was largely helped by a quadrupling in commodities values, which grew to US$349.81 million from US$79.02 million in Q1 2025, despite having just seven funds to its credit. Fixed income was another major component of growth as the 118 funds in the asset class saw a rise of 82.1% in combined valuation to US$6.57 billion from US$3.61 billion. Money market funds, numbering 207 in all, remained the largest volume anchor at US$17.16 billion, growing 28.6% year-on-year from US$13.35 billion before.