GLOBAL: Europe ranks third globally in Islamic funds, amassing US$38.43 billion in assets under management (AuM) as at the end of 2024, according to latest regional figures from the IFN Investor Funds Database. Within Europe, Luxembourg’s Islamic funds are valued at US$7.19 billion in total AuM. Local asset managers handle US$1.83 billion in AuM while international asset managers manage almost triple that amount at US$5.36 billion as at the end of Q4 2024. Backed by a strong regulatory framework, an established financial ecosystem and EU market access, Luxembourg remains a key entry point for Shariah compliant investments into Europe.
Restricted Access
Login to continue reading (existing subscriber)
Subscribe NOW and get:
- Gain unlimited access through all key operating platforms
- Full access to all listed Islamic funds & fund profiles
- Unlimited access to all Islamic fund managers
- Access to all exclusive articles, reports, podcasts & videos
- Complimentary access to all IFN Investor Forums
