PAKISTAN: Unlike most markets driven by equities, the IFN Investor Funds Database found that Pakistan’s Islamic money market funds lead at US$3.05 billion – followed by Sukuk, fixed income instruments and equities as of the end of Q4 2024. Further, high interest rates and liquidity preferences drive demand for low-risk Islamic money market funds in the Republic, with top-performing fixed income instruments delivering a 23.57% return over the last three months of 2024.
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