IRELAND: With a total Shariah fund US$10.88 billion AuM valuation, second only to Turkiye’s US$48.08 billion in Europe, The Republic of Ireland's well-established infrastructure and expertise in Islamic finance makes it an attractive entry point for institutions aiming to access the large EU investment market from a single location.
From an asset class standpoint, Shariah funds invested in equities are dominant, with 38 offerings tracked by the IFN Investor Funds Database charting a total AuM of US$9.78 billion at the end of 2025. The UK has the biggest share at US$9.23 billion, up 15.25% from US$8 billion as at Q4 2024.
Other nations with Shariah equity funds domiciled in Ireland at end-2025 are France (US$237.79 million), South Africa (US$228 million), Malaysia (US$32.53 million), the UAE (US$25.57 million) and the US (US$24.53 million).
Sukuk was the next largest asset class with 20 funds having a total AuM of US$622.64 million at the end of 2025. Leading this segment is the UK (US$543.3 million), followed by the UAE (US$29.73 million), Qatar (US$25.48 million) and Malaysia (US$24.13 million).
The mixed assets class of 21 funds held US$242.87 million in total AuM, with Malaysia (US$185.36 million) ahead of the UK (US$57.5 million). There were also two fixed income instrument funds from the UK with a total AuM of US$234.57 million.
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