SOUTH AFRICA: Equities remained the dominant asset class in South Africa’s Islamic asset management industry – with 27 funds tracked by the IFN Investor Funds Database charting a total AuM value of US$2.14 billion at the end of Q2 2025, reflecting a 14.26% increase quarter-on-quarter (q-o-q) from US$1.83 billion previously.
Mixed assets followed with 17 funds totaling US$726.08 million, edging up 3.47% from US$700.21 million in the prior quarter. Meanwhile, Sukuk fund holdings across the market grew marginally by 0.92% to US$103.86 million from US$102.92 million before.
Overall, Islamic funds in South Africa recorded a 10.46% growth over Q2 2025, with total AuM across 52 funds reaching US$3.21 billion as at the 30th June 2025 from US$2.87 billion at the end of Q1 2025.
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