IFN Investor Data – Annual Report 2024

Top 20 Islamic fund managers globally by AuM (24-Dec-2024)

Rank

Fund manager

Country

AuM (US$ billion)

1

SNB Capital

Saudi Arabia

10.53

2

Public Mutual

Malaysia

10.09

3

Al Rajhi Capital

Saudi Arabia

9.96

4

HSBC Asset Management

United Kingdom

8.63

5

Saturna Capital

United States

7.92

6

Kuveyt Turk Portfoy

Turkiye

6.7

7

Principal Asset Management

Malaysia

4.88

8

AHAM Capital Asset Management

Malaysia

4.27

9

Turkiye Hayat Ve Emeklilik

Turkiye

4.01

10

Jadwa Investment

Saudi Arabia

3.93

11

Riyad Capital

Saudi Arabia

3.3

12

Ziraat Portfoy

Turkiye

2.87

13

Sedco Capital

Saudi Arabia

2.74

14

Albilad Capital

Saudi Arabia

2.54

15

Albaraka Portfoy

Turkiye

2.41

16

Al Meezan Investment Management

Pakistan

2.4

17

Maybank Asset Management

Malaysia

2.27

18

SAB Invest

Saudi Arabia

2.17

19

AgeSA Hayat ve Emeklilik

Turkiye

2.01

20

BSF Capital

Saudi Arabia

1.7

Top 20 Islamic funds in Africa by one-year return (24-Dec-2024)

Rank

Fund name

Fund manager

Asset class

Returns (%)

1

Sanabel Islamic Fund

CI Capital Asset Management

Equities

37.47

2

Al Baraka Fund (EGP)

Hermes Fund Management (EFG Holdings)

Mixed assets

32.3

3

Stanbic IBTC Imaan Fund

Stanbic IBTC Asset Management

Equities

32.16

4

ARM Ethical Fund

ARM Investment

Mixed assets

29.33

5

Al Barakat Bank Islamic Money Market Fund

Hermes Fund Management (EFG Holdings)

Money market

28.7

6

Al Baraka Bank Egypt Money Market Mutual Fund With Accumulative Daily Return (Al Barakat Certificate)

Hermes Fund Management (EFG Holdings)

Money market

21.56

7

Education for Life Fund

NI Capital

Mixed assets

19.79

8

Sentio Sanlam Collective Investment Hikma Shariah General Equity Fund

Sentio Capital Management

Equities

18.44

9

Faisal Islamic Fund

Hermes Fund Management (EFG Holdings)

Equities

15.85

10

FSDH Halal Fund

FSDH Asset Management

Sukuk

15.57

11

Old Mutual Global Islamic Equity Portfolio

Old Mutual Unit Trust

Equities

14.9

12

Sentio Sanlam Collective Investments Hikma Shariah Balanced Fund

Sentio Capital Management

Mixed assets

14.81

13

Old Mutual Global Islamic Equity Feeder Fund

Old Mutual Unit Trust

Others

14.3

14

Visio BCI Shariah Equity Fund

Visio Fund Management

Equities

13.82

15

Islamic High Yield Fund

Camissa Asset Management

Mixed assets

12.2

16

Element Islamic Global Equity SCI Fund

Element Investment Managers

Equities

12.1

17

27four Best View Shariah Global Equity Fund

27 Four Investment Managers

Equities

9.35

18

Stanlib Multi-Manager Shariah Balanced Fund of Funds

Stanlib Multi-Manager

Equities

9.32

19

27four Shariah Wealth Builder Fund

27 Four Investment Managers

Equities

9.09

20

Old Mutual Albaraka Equity Fund

Old Mutual Unit Trust

Equities

8.9

Top 20 Islamic funds in Africa by AuM (24-Dec-2024)

Rank

Fund name

Fund manager

Asset class

AuM (US$ million)

1

Oasis Crescent Equity Fund

Oasis Crescent

Equities

290.12

2

Old Mutual Albaraka Balanced Fund

Old Mutual Unit Trust

Equities

290.12

3

Islamic Balanced Fund

Camissa Asset Management

Mixed assets

238.12

4

Old Mutual Global Islamic Equity Portfolio

Old Mutual Unit Trust

Equities

221.3

5

Oasis Crescent Income Fund

Oasis Crescent

Mixed assets

175.17

6

Old Mutual Albaraka Equity Fund

Old Mutual Unit Trust

Equities

136.85

7

Islamic Equity Fund

Camissa Asset Management

Equities

131.92

8

Stanlib Multi-Manager Shariah Balanced Fund of Funds

Stanlib Multi-Manager

Equities

128.09

9

Islamic Global Equity Fund

Camissa Asset Management

Equities

125.23

10

Old Mutual Albaraka Income Fund

Old Mutual Unit Trust

Sukuk

98.53

11

Oasis Crescent International Feeder Fund

Oasis Crescent

Others

93.06

12

27four Shariah Multi-Managed Balanced Fund

27 Four Investment Managers

Mixed assets

89.7

13

Oasis Crescent Balanced Progressive Fund Of Funds

Oasis Crescent

Equities

65.69

14

Oasis Crescent Retirement Annuity Fund (High Equity)

Oasis Crescent

Equities

65.69

15

Islamic Global Equity Feeder Fund

Camissa Asset Management

Others

59.67

16

27four Shariah Active Equity Fund

27 Four Investment Managers

Equities

42.98

17

27four Shariah Wealth Builder Fund

27 Four Investment Managers

Equities

36.79

18

Nigeria Real Estate Investment Trust

Chapel Hill Denham Management

Real estate

35.58

19

Oasis Crescent Balanced Stable Fund Of Funds

Oasis Crescent

Mixed assets

29.96

20

27four Shariah Balanced Fund of Funds

27 Four Investment Managers

Equities

28.91

Top 20 Islamic fund managers in Africa by AuM (24-Dec-2024)

Rank

Fund manager

Country

AuM (US$ million)

1

Oasis Crescent

South Africa

807.56

2

Old Mutual Unit Trust

South Africa

760.43

3

Camissa Asset Management

South Africa

564.08

4

27 Four Investment Managers

South Africa

234.68

5

Stanlib Multi-Manager

South Africa

128.09

6

Sentio Capital Management

South Africa

40.26

7

Chapel Hill Denham Management

Nigeria

35.58

8

Azimut Egypt Asset Management

Egypt

25.52

9

Visio Fund Management

South Africa

24.86

10

Element Investment Managers

South Africa

24.76

11

Hermes Fund Management (EFG Holdings)

Egypt

17.93

12

Lion Global Investors

Nigeria

16.61

13

NI Capital

Egypt

8.97

14

FNB Multi Management

South Africa

7

15

FBN Quest Asset Management

Nigeria

5.26

16

Stanbic IBTC Asset Management

Nigeria

4.69

17

Satrix

South Africa

4.6

18

Lotus Capital

Nigeria

3.9

19

United Capital Asset Management

Nigeria

2.56

20

ARM Investment

Nigeria

1.14

Top 20 Islamic funds in Americas by one-year return (24-Dec-2024)

Rank

Fund name

Fund manager

Asset class

Returns (%)

1

Global Iman Fund Series A

Global Growth Assets Inc

Equities

33.13

2

SP Funds S&P Global Technology ETF

ShariaPortfolio

Equities

33.05

3

Global Iman Fund Series F

Global Growth Assets Inc

Equities

33.01

4

Mackenzie FuturePath Shariah Global Equity Fund

Mackenzie Investments

Equities

31.2

5

Sands Capital Global Shariah A US Dollar Accumulating Class

Sands Capital

Equities

21

6

Iman Fund

Allied Asset Advisors

Equities

20.6

7

Invesco Dow Jones Islamic Global Developed Markets UCITS ETF Acc

Invesco Capital Management

Equities

18.16

8

Wahed FTSE USA Shariah ETF

Wahed Invest

Equities

16.6

9

Amana Growth Institutional Fund

Saturna Capital

Equities

16.02

10

Amana Growth Investor Fund

Saturna Capital

Equities

15.75

11

Amana Income Institutional Fund

Saturna Capital

Equities

13.16

12

Amana Income Investor Fund

Saturna Capital

Equities

12.88

13

Wealthsimple Shariah World Equity Index ETF

Wealthsimple

Equities

12.52

14

SP Funds S&P 500 Sharia Industry Exclusions ETF

ShariaPortfolio

Equities

9.51

15

SP Funds S&P World ETF

ShariaPortfolio

Equities

8.92

16

Amana Developing World Institutional Fund

Saturna Capital

Equities

7.22

17

Amana Developing World Investor Fund

Saturna Capital

Equities

6.93

18

Manzil Mortgage Investment Fund

Manzil

Real estate

5.78

19

Wahed Dow Jones Islamic World ETF

Wahed Invest

Equities

4.7

20

Azzad Wise Capital Fund

Azzad Asset Management

Money market

4.52

Top 20 Islamic funds in Americas by AuM (24-Dec-2024)

Rank

Fund name

Fund manager

Asset class

AuM (US$ million)

1

Amana Growth Institutional Fund

Saturna Capital

Equities

2,910

2

Amana Growth Investor Fund

Saturna Capital

Equities

2,690

3

SP Funds S&P 500 Sharia Industry Exclusions ETF

ShariaPortfolio

Equities

1,080

4

Amana Income Institutional Fund

Saturna Capital

Equities

1,070

5

Invesco Dow Jones Islamic Global Developed Markets UCITS ETF Acc

Invesco Capital Management

Equities

876.56

6

Amana Income Investor Fund

Saturna Capital

Equities

838.05

7

Wahed FTSE USA Shariah ETF

Wahed Invest

Equities

575

8

Azzad Wise Capital Fund

Azzad Asset Management

Money market

306.06

9

Global Iman Fund Series F

Global Growth Assets Inc

Equities

210

10

Global Iman Fund Series A

Global Growth Assets Inc

Equities

204

11

Wealthsimple Shariah World Equity Index ETF

Wealthsimple

Equities

201.89

12

Iman Fund

Allied Asset Advisors

Equities

199.8

13

Amana Participation Institutional Fund

Saturna Capital

Fixed income instruments

191.17

14

Azzad Ethical Fund

Azzad Asset Management

Equities

143.4

15

Wahed Dow Jones Islamic World ETF

Wahed Invest

Equities

117

16

Amana Developing World Institutional Fund

Saturna Capital

Equities

96.64

17

Manzil Mortgage Investment Fund

Manzil

Real estate

45.78

18

Amana Developing World Investor Fund

Saturna Capital

Equities

38.35

19

Amana Participation Investor Fund

Saturna Capital

Fixed income instruments

29.16

20

SP Funds S&P Global Technology ETF

ShariaPortfolio

Equities

28.61

Top 20 Islamic fund managers in Americas by AuM (24-Dec-2024)

Rank

Fund manager

Country

AuM (US$ million

1

Saturna Capital

United States

7,920.65

2

ShariaPortfolio

United States

1,564.76

3

Invesco Capital Management

United States

876.56

4

Wahed Invest

United States

692

5

Azzad Asset Management

United States

449.46

6

Global Growth Assets Inc

Canada

414

7

Wealthsimple

Canada

201.89

8

Allied Asset Advisors

United States

199.8

9

Manzil

Canada

45.78

10

Mackenzie Investments

Canada

24.09

11

Sands Capital

United States

16.6

12

OneVest Management Inc

Canada

6.24

Top 20 Islamic funds in Asia Pacific by one-year return (24-Dec-2024)

Rank

Fund name

Fund manager

Asset class

Returns (%)

1

PMB Shariah Premier Fund

PMB Investment

Equities

40.31

2

PMB Shariah Dividend Fund

PMB Investment

Equities

38.3

3

Principal Islamic Small Cap Opportunities Fund

Principal Asset Management

Equities

37.61

4

Principal Islamic Malaysia Opportunities Fund

Principal Asset Management

Equities

36.97

5

AHAM Aiiman Quantum Fund

AHAM Capital Asset Management

Equities

35.3

6

PMB Shariah Small-Cap Fund

PMB Investment

Equities

34.96

7

PMB Shariah Tactical Fund

PMB Investment

Mixed assets

34.86

8

Principal Islamic Enhanced Opportunities Fund

Principal Asset Management

Equities

34.25

9

Eq8 Dow Jones U.S. Titans 50 ETF

Eq8 Capital

Equities

32.86

10

TA Global Absolute Alpha-i Fund – USD Class

TA Investment Management

Equities

32.51

11

Manulife Investment – HW Shariah Flexi Fund

Manulife Investment Management

Mixed assets

32.15

12

TA Global Absolute Alpha-i Fund – RMB Hedged Class

TA Investment Management

Equities

30.69

13

Principal DALI Equity Growth Fund

Principal Asset Management

Equities

30.44

14

PMB An-Nur Waqf Income Fund

PMB Investment

Mixed assets

29.75

15

TA Global Absolute Alpha-i Fund – GBP Hedged Class

TA Investment Management

Equities

29.71

16

TA Global Absolute Alpha-i Fund – MYR Class

TA Investment Management

Equities

29

17

PMB Shariah Growth Fund

PMB Investment

Equities

28.89

18

Public e-lslamic Flexi Allocation Fund

Public Mutual

Mixed assets

28.79

19

TA Global Absolute Alpha-i Fund – SGD Hedged Class

TA Investment Management

Equities

28.76

20

Makmur myWakaf Fund – AUD Class

BIMB Investment Management

Equities

28.26

Top 20 Islamic funds in Asia Pacific by AuM (24-Dec-2024)

Rank

Fund name

Fund manager

Asset class

AuM (US$ million)

1

AHAM Aiiman Money Market Fund

AHAM Capital Asset Management

Money market

3,163.47

2

Amanah Hartanah Bumiputera

Pelaburan Hartanah

Real estate

1127.5

3

Public Ittikal Fund

Public Mutual

Equities

999.7

4

Meezan Sovereign Fund

Al Meezan Investment Management

Money market

962.29

5

Public Ittikal Sequel Fund

Public Mutual

Equities

921.47

6

Public Asia Ittikal Fund

Public Mutual

Equities

900.19

7

Principal Islamic Deposit Fund – Class AI

Principal Asset Management

Money market

882.59

8

Aiiman Income Extra Fund

AIIMAN Asset Management

Fixed income instruments

851.26

9

Public Islamic Dividend Fund

Public Mutual

Equities

844.8

10

RHB Islamic Cash Management Fund

RHB Asset Management

Money market

817.08

11

Takafulink Dana Ekuiti

Prudential BSN Takaful

Mixed assets

662.88

12

Principal Islamic Asia Pacific Dynamic Equity Fund

Principal Asset Management

Equities

649.61

13

Public Islamic Asia Tactical Allocation Fund

Public Mutual

Mixed assets

548.35

14

Maybank Retail Money Market-I Fund

Maybank Asset Management

Money market

469.75

15

AHAM Aiiman ESG Income Plus Fund

AHAM Capital Asset Management

Sukuk

447.11

16

Principal Islamic Institutional Sukuk Fund

Principal Asset Management

Sukuk

424.01

17

Public Islamic Asia Leaders Equity Fund

Public Mutual

Equities

392.56

18

BOSWM Islamic Deposit Fund

BOS Wealth Management

Money market

389.6

19

Tata Ethical Fund

Tata Asset Management

Equities

387.46

20

Public Islamic Equity Fund

Public Mutual

Equities

385.73

Top 20 Islamic fund managers in Asia Pacific by AuM (24-Dec-2024)

Rank

Fund manager

Country

AuM (US$ million)

1

Public Mutual

Malaysia

10,093.38

2

Principal Asset Management

Malaysia

4,861.45

3

AHAM Capital Asset Management

Malaysia

4,272.43

4

Al Meezan Investment Management

Pakistan

2,395.02

5

Maybank Asset Management

Malaysia

2,136.39

6

RHB Asset Management

Malaysia

1,135.68

7

Pelaburan Hartanah

Malaysia

1,127.5

8

Prudential BSN Takaful

Malaysia

1,018.45

9

AIIMAN Asset Management

Malaysia

928.28

10

Kenanga Investors

Malaysia

911.74

11

Faysal Asset Management

Pakistan

874.48

12

Eastspring Investments

Malaysia

784.16

13

AIA Public Takaful

Malaysia

722.87

14

Manulife Investment Management

Malaysia

716.64

15

UBL Funds

Pakistan

550

16

MCB Funds

Pakistan

522.51

17

Alfalah Asset Management

Pakistan

522.21

18

UOB Asset Management

Malaysia

484.88

19

Sucorinvest Asset Management

Indonesia

476.54

20

Amlslamic Funds Management

Malaysia

467.82

Top 15 Islamic funds in Europe by one-year return (24-Dec-2024)

Rank

Fund name

Fund manager

Asset class

Returns (%)

1

HSBC Islamic Global Equity Index Fund – Class IC EUR

HSBC Asset Management

Equities

35.12

2

RAC Staff Pension Scheme HSBC Islamic Global Equity Index

Aviva

Equities

30.91

3

Aviva SPS HSBC Islamic Global Equity Index

Aviva

Equities

30.9

4

HSBC Amanah Global Equity Index USD

HSBC Asset Management

Equities

30.22

5

Aviva Pension HSBC Islamic Global Equity Index IE/XE

Aviva

Equities

30.1

6

HSBC UCITS Common Contractual Fund – Islamic Global Equity Index Fund- Class A2CGBP

HSBC Asset Management

Equities

29.73

7

HSBC Islamic Global Equity Index Pn

Phoenix Wealth

Equities

29.22

8

The Royal Mint Responsibly Sourced Physical Gold ETC

HANetf Management

Commodities

26.45

9

HSBC Islamic Global Equity Index Fund – Class EC

HSBC Asset Management

Equities

24.52

10

Franklin Shariah Technology Fund

Franklin Templeton

Equities

24.2

11

HSBC UCITS Common Contractual Fund – Islamic Global Equity Index Fund- Class A4CGBP

HSBC Asset Management

Equities

23.96

12

Foord-Hassen Shariah Equity Fund C2 USD Acc

Foord-Hassen

Equities

22.99

13

BNP Paribas Islamic Equity Optimiser Fund – USD

BNP Paribas Asset Management

Equities

21.33

14

Forward Lucy Global Islamic Equity Strategy DI USD

Forward You

Equities

15.64

15

HSBC Global Funds ICAV – Shariah Multi Asset Fund – BC

HSBC Asset Management

Mixed assets

14.94

Top 15 Islamic funds in Europe by AuM (24-Dec-2024)

Rank

Fund name

Fund manager

Asset class

AuM (US$ million)

1

HSBC UCITS Common Contractual Fund – Islamic Global Equity Index Fund – Class A2CGBP

HSBC Asset Management

Equities

5,564.07

2

Turkiye Life And Retirement Gold Participation Retirement Investment Fund

Turkiye Hayat Ve Emeklilik

Commodities

2814.8

3

Agesa Life And Retirement Gold Participation Retirement Investment Fund

AgeSA Hayat ve Emeklilik

Commodities

1,943.92

4

Kuveyt Turk Portfolio Short-Term Participation Free (TL) Fund

Kuveyt Turk Portfoy

Money market

1,481.18

5

Garanti Retirement And Life Gold Participation Retirement Investment Fund

Garanti Emeklilik Ve Hayat

Commodities

1,153.67

6

Anadolu Life Retirement Gold Participation Retirement Investment Fund

Anadolu Hayat Emeklilik

Commodities

1,107.89

7

Kuveyt Turk Portfolio Money Market Participation (TL) Fund

Kuveyt Turk Portfoy

Others

1,092.38

8

Ziraat Portfolio Gold Participation Exchange Investment Fund

Ziraat Portfoy

Commodities

1,052.38

9

The Royal Mint Responsibly Sourced Physical Gold ETC

HANetf Management

Commodities

953.74

10

Kuveyt Turk Portfolio Seventh Participation Free (Foreign Exchange) Fund

Kuveyt Turk Portfoy

Others

818.06

11

Albaraka Portfolio Short-Term Participation Free (TL) Fund

Albaraka Portfoy

Money market

790.41

12

HSBC Islamic Global Equity Index Fund – Class IC

HSBC Asset Management

Equities

780.3

13

Kuveyt Turk Portfolio Fifth Participation Free (Foreign Exchange) Fund

Kuveyt Turk Portfoy

Others

747.78

14

Franklin Global Sukuk Fund-A

Franklin Templeton

Sukuk

746.68

15

Ziraat Portfolio Gold Participation Fund

Ziraat Portfoy

Commodities

661.26

Top 20 Islamic fund managers in Europe by AuM (24-Dec-2024)

Rank

Fund manager

Country

AuM (US$ million)

1

HSBC Asset Management

United Kingdom

8,632.28

2

Kuveyt Turk Portfoy

Turkiye

6,698.84

3

Turkiye Hayat Ve Emeklilik

Turkiye

4,006.06

4

Ziraat Portfoy

Turkiye

2,866.23

5

Albaraka Portfoy

Turkiye

2,405.86

6

AgeSA Hayat ve Emeklilik

Turkiye

2,014.68

7

Garanti Emeklilik Ve Hayat

Turkiye

1,522.56

8

Anadolu Hayat Emeklilik

Turkiye

1,266.02

9

iShares (BlackRock)

United Kingdom

1,164.97

10

Franklin Templeton

Luxembourg

1,002.39

11

HANetf Management

United Kingdom

968

12

Katilim Emeklilik ve Hayat

Turkiye

796.7

13

Azimut Investment

Luxembourg

725

14

Aegon Asset Management

United Kingdom

376.1

15

Aviva

United Kingdom

260.18

16

State Street Global Advisors

United Kingdom

243.34

17

Comgest

France

235.47

18

QNB Finans Portfoy

Turkiye

221.49

19

The People Pension

United Kingdom

199.22

20

Hargreaves Lansdown

United Kingdom

169.37

Top 20 Islamic funds in Middle East by one-year return (24-Dec-2024)

Rank

Fund name

Fund manager

Asset class

Returns (%)

1

Chimera S&P US Shariah Growth ETF – Accumulating

Lunate Capital

Equities

33.65

2

Albilad MSCI US Tech ETF

Albilad Capital

Equities

33.5

3

Osool & Bakheet Parallel Market Trading Equity Fund

Osool and Bakheet Investment Company

Equities

33.08

4

Riyad Emaar Fund

Riyad Capital

Equities

32.12

5

GIB Opportunistic MENA ESG Equity Fund – Class C

GIB Capital

Equities

29.08

6

Chimera S&P Turkey Shariah ETF – Income

Lunate Capital

Equities

27.91

7

Miyar Saudi Equity Fund

Miyar Capital

Equities

27.57

8

Al Qasr GCC Real Estate & Construction Equity Trading Fund

BSF Capital

Equities

27.04

9

SAB Invest GCC Companies Equity Income Fund

SAB Invest

Equities

25.35

10

Jadwa Saudi Equity Fund – Class C

Jadwa Investment

Equities

25.3

11

Yaqeen Gold Fund

Yaqeen Capital

Commodities

25.18

12

Jadwa Saudi Equity Fund – Class A

Jadwa Investment

Equities

24.91

13

SAB Invest Global Equity Index Fund

SAB Invest

Equities

24.7

14

SEDCO CAPITAL GLOBAL UCITS – SC US Equities Passive Fund – Class D USD

Sedco Capital

Equities

24.44

15

SEDCO CAPITAL GLOBAL UCITS – SC US Equities Passive Fund – Class R USD

Sedco Capital

Equities

24.28

16

Jadwa Saudi Equity Fund – Class B

Jadwa Investment

Equities

23.91

17

Albilad Gold ETF

Albilad Capital

Commodities

23.79

18

SAB Invest GCC Equity Fund

SAB Invest

Equities

23.63

19

SHUAA North American Equity Fund

SHUAA Capital

Equities

21.6

20

Chimera S&P China HK Shariah ETF – Income

Lunate Capital

Equities

21.43

Top 20 Islamic funds in Middle East by AuM (24-Dec-2024)

Rank

Fund name

Fund manager

Asset class

AuM (US$ million)

1

SNB Capital Al Sunbullah SAR

SNB Capital

Money market

3,130.75

2

SNB Capital Saudi Riyal Trade Fund

SNB Capital

Money market

2,451.94

3

Al Rajhi Awaeed Fund

Al Rajhi Capital

Money market

2,263.48

4

Al Rajhi Growth Fund

Al Rajhi Capital

Mixed assets

1,756.43

5

Riyad SAR Diversified Trade Fund

Riyad Capital

Fixed income instruments

1,510.41

6

Watani KD Money Market Fund II

NBK Wealth

Money market

1,374.5

7

Alpha Murabaha Fund

Alpha Capital

Money market

1,276.08

8

Albilad CSOP MSCI Hong Kong China Equity ETF

Albilad Capital

Equities

1,124.95

9

Albilad SAR Murabaha Fund

Albilad Capital

Fixed income instruments

899.59

10

Boubyan KD Money Market Fund II

Boubyan Capital

Money market

867.12

11

Al Rajhi REIT Fund

Al Rajhi Capital

Real estate

837.76

12

Al Rajhi Freestyle Saudi Equity Fund

Al Rajhi Capital

Equities

815.27

13

SNB Capital Diversified Saudi Riyal Fund

SNB Capital

Fixed income instruments

812.99

14

Jadwa REIT Saudi fund

Jadwa Investment

Real estate

748.34

15

Jadwa REITs Fund

Jadwa Investment

Real estate

713

16

SEDCO CAPITAL GLOBAL UCITS – SC US Equities Passive Fund – Class D USD

Sedco Capital

Equities

700.52

17

SNB Capital Al Raed Saudi Equity Fund

SNB Capital

Equities

667.37

18

ANB Capital SAR Trade Fund

ANB Capital

Money market

654.82

19

Emirates REIT

Equitativa Group

Real estate

648.1

20

Jadwa Saudi Equity Fund – Class B

Jadwa Investment

Equities

639.25

Top 20 Islamic fund managers in Middle East by AuM (24-Dec-2024)

Rank

Fund manager

Country

AuM (US$ million)

1

SNB Capital

Saudi Arabia

10,534.15

2

Al Rajhi Capital

Saudi Arabia

9,962.79

3

Jadwa Investment

Saudi Arabia

3,927.59

4

Riyad Capital

Saudi Arabia

3,301.83

5

Sedco Capital

Saudi Arabia

2,744.87

6

Albilad Capital

Saudi Arabia

2,543.09

7

SAB Invest

Saudi Arabia

2169.15

8

BSF Capital

Saudi Arabia

1,697.72

9

Emirates NBD Asset Management

United Arab Emirates

1,691.49

10

NBK Wealth

Kuwait

1,567.24

11

Alpha Capital

Saudi Arabia

1,549.91

12

Aljazira Capital

Saudi Arabia

1,432.22

13

Alinma Investment

Saudi Arabia

1,365.28

14

Boubyan Capital

Kuwait

981.45

15

Alkhabeer Capital

Saudi Arabia

970.81

16

ANB Capital

Saudi Arabia

905.7

17

Derayah Financial

Saudi Arabia

817.41

18

Equitativa Group

United Arab Emirates

648.1

19

Alistithmar Capital

Saudi Arabia

518.99

20

SHUAA Capital

United Arab Emirates

314.7

Top 20 Islamic commodity funds globally by one-year return (24-Dec-2024)

Rank

Fund name

Fund manager

Domicile

Returns (%)

1

Bereket Retirement And Life Gold Participation Retirement Investment Fund

Bereket Emeklilik ve Hayat

Turkiye

70.84

2

Anadolu Life Retirement Gold Participation Retirement Investment Fund

Anadolu Hayat Emeklilik

Turkiye

65.46

3

Turkiye Life And Retirement Gold Participation Retirement Investment Fund

Turkiye Hayat Ve Emeklilik

Turkiye

64.36

4

AXA Life And Retirement Gold Participation Retirement Investment Fund

AXA Hayat ve Emeklilik

Turkiye

61.98

5

Garanti Retirement And Life Gold Participation Retirement Investment Fund

Garanti Emeklilik Ve Hayat

Turkiye

61.41

6

Agesa Life And Retirement Gold Participation Retirement Investment Fund

AgeSA Hayat ve Emeklilik

Turkiye

60.53

7

Nurol Portfolio Gold Participation Fund

Nurol Portfoy

Turkiye

59.52

8

Azimut Portfolio Precious Metals Participation Fund

Azimut Portfoy

Turkiye

57.54

9

MetLife Retirement Gold Participation Fund

MetLife Emeklilik ve Hayat

Turkiye

56.97

10

Turkiye Life And Retirement Precious Metals Participation Retirement Investment Fund

Turkiye Hayat Ve Emeklilik

Turkiye

56.27

11

Participation Retirement And Life Gold Participation Retirement Investment Fund

Katilim Emeklilik ve Hayat

Turkiye

53.42

12

Ziraat Portfolio Gold Participation Fund

Ziraat Portfoy

Turkiye

52.99

13

ATA Portfolio Gold Participation Fund

ATA Portfoy

Turkiye

52.65

14

Active Portfolio Gold Participation Fund

Aktif Portfoy

Turkiye

52.37

15

Participation Retirement And Life Precious Metals Participation Retirement Investment Fund

Katilim Emeklilik ve Hayat

Turkiye

51.63

16

Re-Pie Portfolio Gold Participation Fund

Re-Pie Portfoy

Turkiye

51.46

17

Oyak Portfolio Gold Participation Fund

OYAK Portfoy

Turkiye

50.67

18

Albaraka Portfolio Bereket Foundation Support Gold Participation Fund

Albaraka Portfoy

Turkiye

43.78

19

Meezan Gold Fund

Al Meezan Investment Management

Pakistan

26.81

20

The Royal Mint Responsibly Sourced Physical Gold ETC

HANetf Management

Republic of Ireland

26.45

Top 20 Islamic commodity funds globally by AuM (24-Dec-2024)

Rank

Fund name

Fund manager

Domicile

AuM (US$ million)

1

Turkiye Life And Retirement Gold Participation Retirement Investment Fund

Turkiye Hayat Ve Emeklilik

Turkiye

2,814.8

2

Agesa Life And Retirement Gold Participation Retirement Investment Fund

AgeSA Hayat ve Emeklilik

Turkiye

1,948.92

3

Garanti Retirement And Life Gold Participation Retirement Investment Fund

Garanti Emeklilik Ve Hayat

Turkiye

1,158.67

4

Anadolu Life Retirement Gold Participation Retirement Investment Fund

Anadolu Hayat Emeklilik

Turkiye

1,107.89

5

Ziraat Portfolio Gold Participation Exchange Investment Fund

Ziraat Portfoy

Turkiye

1,052.38

6

The Royal Mint Responsibly Sourced Physical Gold ETC

HANetf Management

Republic of Ireland

953.74

7

Ziraat Portfolio Gold Participation Fund

Ziraat Portfoy

Turkiye

661.26

8

Participation Retirement And Life Gold Participation Retirement Investment Fund

Katilim Emeklilik ve Hayat

Turkiye

326.87

9

MetLife Retirement Gold Participation Fund

MetLife Emeklilik ve Hayat

Turkiye

109.48

10

Turkiye Life And Retirement Precious Metals Participation Retirement Investment Fund

Turkiye Hayat Ve Emeklilik

Turkiye

79.42

11

AXA Life And Retirement Gold Participation Retirement Investment Fund

AXA Hayat ve Emeklilik

Turkiye

56.75

12

Bereket Retirement And Life Gold Participation Retirement Investment Fund

Bereket Emeklilik ve Hayat

Turkiye

42.16

13

Participation Retirement And Life Precious Metals Participation Retirement Investment Fund

Katilim Emeklilik ve Hayat

Turkiye

33.73

14

Active Portfolio Gold Participation Fund

Aktif Portfoy

Turkiye

25.65

15

Azimut Portfolio Precious Metals Participation Fund

Azimut Portfoy

Turkiye

24.75

16

TradePlus Shariah Gold Tracker ETF

AHAM Capital Asset Management

Malaysia

22.93

17

AZ-Gold

Azimut Egypt Asset Management

Egypt

19.19

18

Albaraka Portfolio Bereket Foundation Support Gold Participation Fund

Albaraka Portfoy

Turkiye

15.14

19

AHAM Shariah Gold Tracker Fund

AHAM Capital Asset Management

Malaysia

13.26

20

Oyak Portfolio Gold Participation Fund

OYAK Portfoy

Turkiye

11.1

Top 20 Islamic commodity fund managers globally by AuM (24-Dec-2024)

Rank

Fund manager

Country

AuM (US$ million)

1

Turkiye Hayat Ve Emeklilik

Turkiye

2,894.22

2

AgeSA Hayat ve Emeklilik

Turkiye

1,948.92

3

Ziraat Portfoy

Turkiye

1,713.64

4

Garanti Emeklilik Ve Hayat

Turkiye

1,158.67

5

Anadolu Hayat Emeklilik

Turkiye

1,107.89

6

HANetf Management

United Kingdom

953.74

7

Katilim Emeklilik ve Hayat

Turkiye

360.6

8

MetLife Emeklilik ve Hayat

Turkiye

109.48

9

AXA Hayat ve Emeklilik

Turkiye

56.75

10

Bereket Emeklilik ve Hayat

Turkiye

42.16

11

AHAM Capital Asset Management

Malaysia

36.19

12

Aktif Portfoy

Turkiye

25.65

13

Azimut Portfoy

Turkiye

24.75

14

Azimut Egypt Asset Management

Egypt

19.19

15

Albaraka Portfoy

Turkiye

15.14

16

Al Meezan Investment Management

Pakistan

12.18

17

OYAK Portfoy

Turkiye

11.1

18

Albilad Capital

Saudi Arabia

10.8

19

Garanti Portfoy

Turkiye

8.02

20

ATA Portfoy

Turkiye

7.34

Top 20 Islamic equity funds globally by one-year return (24-Dec-2024)

Rank

Fund name

Fund manager

Domicile

Returns (%)

1

PMB Shariah Premier Fund

PMB Investment

Malaysia

40.31

2

PMB Shariah Dividend Fund

PMB Investment

Malaysia

38.3

3

Principal Islamic Small Cap Opportunities Fund

Principal Asset Management

Malaysia

37.61

4

Principal Islamic Malaysia Opportunities Fund

Principal Asset Management

Malaysia

36.97

5

AHAM Aiiman Quantum Fund

AHAM Capital Asset Management

Malaysia

35.3

6

HSBC Islamic Global Equity Index Fund – Class IC EUR

HSBC Asset Management

Luxembourg

35.12

7

PMB Shariah Small-Cap Fund

PMB Investment

Malaysia

34.96

8

HSBC Islamic Global Equity Index Fund – Class AC EUR

HSBC Asset Management

Luxembourg

34.63

9

Principal Islamic Enhanced Opportunities Fund

Principal Asset Management

Malaysia

34.25

10

Chimera S&P US Shariah Growth ETF – Accumulating

Lunate Capital

United Arab Emirates

33.65

11

Albilad MSCI US Tech ETF

Albilad Capital

Saudi Arabia

33.50

12

Osool & Bakheet Parallel Market Trading Equity Fund

Osool and Bakheet Investment Company

Saudi Arabia

33.08

13

SP Funds S&P Global Technology ETF

ShariaPortfolio

United States

33.05

14

Eq8 Dow Jones U.S. Titans 50 ETF

Eq8 Capital

Malaysia

32.86

15

TA Global Absolute Alpha-i Fund – USD Class

TA Investment Management

Malaysia

32.51

16

Stanbic IBTC Imaan Fund

Stanbic IBTC Asset Management

Nigeria

32.16

17

Riyad Emaar Fund

Riyad Capital

Saudi Arabia

32.12

18

RAC Staff Pension Scheme HSBC Islamic Global Equity Index

Aviva

Republic of Ireland

30.91

19

Aviva SPS HSBC Islamic Global Equity Index

Aviva

Republic of Ireland

30.9

20

TA Global Absolute Alpha-i Fund – RMB Hedged Class

TA Investment Management

Malaysia

30.69

Top 20 Islamic equity funds globally by Aum (24-Dec-2024)

Rank

Fund name

Fund manager

Domicile

AuM (US$ million)

1

HSBC UCITS Common Contractual Fund – Islamic Global Equity Index Fund – Class A2CGBP

HSBC Asset Management

Republic of Ireland

5,564.07

2

Amana Growth Institutional Fund

Saturna Capital

United States

2,910

3

Amana Growth Investor Fund

Saturna Capital

United States

2,690

4

Albilad CSOP MSCI Hong Kong China Equity ETF

Albilad Capital

Saudi Arabia

1,124.95

5

SP Funds S&P 500 Sharia Industry Exclusions ETF

ShariaPortfolio

United States

1080

6

Amana Income Institutional Fund

Saturna Capital

United States

1070

7

Public Ittikal Fund

Public Mutual

Malaysia

999.7

8

Public Ittikal Sequel Fund

Public Mutual

Malaysia

921.47

9

Public Asia Ittikal Fund

Public Mutual

Malaysia

900.19

10

Invesco Dow Jones Islamic Global Developed Markets UCITS ETF Acc

Invesco Capital Management

Republic of Ireland

876.56

11

Public Islamic Dividend Fund

Public Mutual

Malaysia

844.8

12

Amana Income Investor Fund

Saturna Capital

United States

838.05

13

Al Rajhi Freestyle Saudi Equity Fund

Al Rajhi Capital

Saudi Arabia

815.27

14

HSBC Islamic Global Equity Index Fund – Class IC

HSBC Asset Management

Luxembourg

780.3

15

SEDCO CAPITAL GLOBAL UCITS – SC US Equities Passive Fund – Class D USD

Sedco Capital

Luxembourg

700.52

16

SNB Capital Al Raed Saudi Equity Fund

SNB Capital

Saudi Arabia

667.37

17

Principal Islamic Asia Pacific Dynamic Equity Fund

Principal Asset Management

Malaysia

649.61

18

Jadwa Saudi Equity Fund – Class B

Jadwa Investment

Saudi Arabia

639.25

19

iShares MSCI World Islamic UCITS ETF

iShares (BlackRock)

Republic of Ireland

628.65

20

HSBC Islamic Global Equity Index Fund – Class IC GBP

HSBC Asset Management

Luxembourg

624.79

Top 20 Islamic equity fund managers globally by Aum (24-Dec-2024)

Rank

Fund manager

Country

AuM (US$ million)

1

HSBC Asset Management

United Kingdom

7,838.34

2

Saturna Capital

United States

7,643.04

3

Public Mutual

Malaysia

7,451.4

4

Al Rajhi Capital

Saudi Arabia

3,237.62

5

SNB Capital

Saudi Arabia

2,689.71

6

Principal Asset Management

Malaysia

1,724.43

7

Jadwa Investment

Saudi Arabia

1,517.65

8

Albilad Capital

Saudi Arabia

1,448.35

9

Sedco Capital

Saudi Arabia

1,270.26

10

SAB Invest

Saudi Arabia

1,244.58

11

ShariaPortfolio

United States

1,132.23

12

iShares (BlackRock)

United Kingdom

1,118.86

13

Invesco Capital Management

United States

876.56

14

Aljazira Capital

Saudi Arabia

851.11

15

Wahed Invest

United States

692

16

Old Mutual Unit Trust

South Africa

648.27

17

Kenanga Investors

Malaysia

573.73

18

AIA Public Takaful

Malaysia

545.75

19

Manulife Investment Management

Malaysia

528.49

20

Oasis Crescent

South Africa

473.71

Top 20 Islamic fixed income funds globally by one-year return (24-Dec-2024)

Rank

Fund name

Fund manager

Domicile

Returns (%)

1

Dana Syariah Seimbang

Etiqa Family Takaful

Malaysia

14.95

2

Arqaam Islamic Income Fund

Arqaam Capital

United Arab Emirates

9.27

3

Target 2024 Sukuk Fund Series II

Azimut DIFC

United Arab Emirates

8.73

4

Sentio Sanlam Collective Investments Hikma Shariah Income Fund

Sentio Capital Management

South Africa

7.83

5

27four Shariah Income Fund

27 Four Investment Managers

South Africa

7.67

6

Hejaz Income Fund

Hejaz Financial Services

Australia

7.60

7

I-Hajj Syariah

Insight Investments Management

Indonesia

7.15

8

Alistithmar Capital SAR Murabaha Fund

Alistithmar Capital

Saudi Arabia

6.7

9

Target 2024 Sukuk Fund OEIC

Azimut DIFC

United Arab Emirates

6.69

10

Albilad SAR Murabaha Fund

Albilad Capital

Saudi Arabia

5.81

11

SNB Capital Multi-Asset Conservative Fund

SNB Capital

Saudi Arabia

5.80

12

PNM Kaffah

PNM Investment Management

Indonesia

5.71

13

Saudi Fransi Capital Fixed Income Fund Class A

BSF Capital

Saudi Arabia

5.66

14

MEFIC Saudi Riyal Murabaha Fund

MEFIC Capital

Saudi Arabia

5.59

15

Saudi Fransi Capital Fixed Income Fund Class B

BSF Capital

Saudi Arabia

5.55

16

Nomura i-Income Fund 2 – Class H

Nomura Asset Management Malaysia

Malaysia

5.47

17

SAB Invest Sukuk & Murabaha Fund

SAB Invest

Saudi Arabia

5.32

18

SNB Capital International Trade Fund

SNB Capital

Saudi Arabia

5.28

19

AlJazira Saudi Riyal Murabaha Fund

Aljazira Capital

Saudi Arabia

5.26

20

Simas Income Syariah

Sinarmas Asset Management

Indonesia

5.22

Top 20 Islamic fixed income funds globally by AuM (24-Dec-2024)

Rank

Fund name

Fund manager

Domicile

AuM (US$ million)

1

Riyad SAR Diversified Trade Fund

Riyad Capital

Saudi Arabia

1,510.41

2

Albilad SAR Murabaha Fund

Albilad Capital

Saudi Arabia

899.59

3

Aiiman Income Extra Fund

AIIMAN Asset Management

Malaysia

851.26

4

SNB Capital Diversified Saudi Riyal Fund

SNB Capital

Saudi Arabia

812.99

5

AZ Multi Asset AZ Islamic – MAMG Global Sukuk A-ME (USD ACC)

Azimut Investment

Luxembourg

644

6

Riyad SAR Trade Fund

Riyad Capital

Saudi Arabia

470.38

7

AlJazira Saudi Riyal Murabaha Fund

Aljazira Capital

Saudi Arabia

366.86

8

Principal e-Cash Fund

Principal Asset Management

Malaysia

250.91

9

Alhamra Islamic Income Fund

MCB Funds

Pakistan

246.21

10

SPDR JP Morgan Saudi Arabia Aggregate Bond UCITS ETF

State Street Global Advisors

Republic of Ireland

243.34

11

Alistithmar Capital SAR Murabaha Fund

Alistithmar Capital

Saudi Arabia

237.2

12

Ziraat Portfolio Amber Money Market Participation Free (TL) Fund

Ziraat Portfoy

Turkiye

219.23

13

Ziraat Portfolio Short-Term Rental Certificate Participation (TL) Fund

Ziraat Portfoy

Turkiye

197.04

14

Amana Participation Institutional Fund

Saturna Capital

United States

191.17

15

Al-Ameen Islamic Sovereign Fund

UBL Funds

Pakistan

172.48

16

AWT Islamic Income Fund

AWT Investment

Pakistan

171.62

17

I-Hajj Syariah

Insight Investments Management

Indonesia

131.59

18

SNB Capital International Trade Fund

SNB Capital

Saudi Arabia

130.91

19

SNB Capital Diversified US Dollar Fund

SNB Capital

Saudi Arabia

130.62

20

Alkhabeer Diversifies Income Traded Fund

Alkhabeer Capital

Saudi Arabia

129.58

Top 20 Islamic fixed income fund managers globally by AuM (24-Dec-2024)

Rank

Fund manager

Country

AuM (US$ million)

1

Riyad Capital

Saudi Arabia

2,082.6

2

SNB Capital

Saudi Arabia

1,200.98

3

Albilad Capital

Saudi Arabia

899.59

4

AIIMAN Asset Management

Malaysia

851.26

5

Azimut Investment

Luxembourg

725

6

Ziraat Portfoy

Turkiye

561.89

7

Aljazira Capital

Saudi Arabia

383.61

8

Principal Asset Management

Malaysia

250.91

9

MCB Funds

Pakistan

248.15

10

State Street Global Advisors

United Kingdom

243.34

11

Alistithmar Capital

Saudi Arabia

237.2

12

Saturna Capital

United States

220.33

13

UBL Funds

Pakistan

180.15

14

AWT Investment

Pakistan

171.62

15

NBP Fund Management

Pakistan

157.22

16

Faysal Asset Management

Pakistan

132.66

17

Insight Investments Management

Indonesia

131.59

18

Alkhabeer Capital

Saudi Arabia

129.58

19

Arqaam Capital

United Arab Emirates

109

20

Sedco Capital

Saudi Arabia

103.23

Top 20 Islamic mixed asset funds globally by one-year return (24-Dec-2024)

Rank

Fund name

Fund manager

Domicile

Returns (%)

1

NBP Islamic Sarmaya Izafa Fund

NBP Fund Management

Pakistan

74.8

2

Meezan Pakistan Exchange Traded Fund

Al Meezan Investment Management

Pakistan

70.13

3

Meezan Financial Planning Fund of Funds (Moderate)

Al Meezan Investment Management

Pakistan

47.14

4

Meezan Balanced Fund

Al Meezan Investment Management

Pakistan

44.11

5

Al-Ameen Islamic Asset Allocation Fund

UBL Funds

Pakistan

40.61

6

Atlas Conservative Allocation Islamic Plan

Atlas Asset Management

Pakistan

38.32

7

ABL Islamic Financial Planning Fund (Aggressive Allocation Plan)

ABL Asset Management

Pakistan

37.84

8

PMB Shariah Tactical Fund

PMB Investment

Malaysia

34.86

9

Al Baraka Fund (EGP)

Hermes Fund Management (EFG Holdings)

Egypt

32.3

10

Manulife Investment – HW Shariah Flexi Fund

Manulife Investment Management

Malaysia

32.15

11

Lakson Islamic Tactical Fund

Lakson Investment

Pakistan

30.91

12

Al-Ameen Islamic Aggressive Income Fund

UBL Funds

Pakistan

30.4

13

PMB An-Nur Waqf Income Fund

PMB Investment

Malaysia

29.75

14

ARM Ethical Fund

ARM Investment

Nigeria

29.33

15

Public e-Islamic Flexi Allocation Fund

Public Mutual

Malaysia

28.79

16

Faysal Islamic Asset Allocation Fund

Faysal Asset Management

Pakistan

23.42

17

Al-Ameen Islamic Aggressive Income Plan-I

UBL Funds

Pakistan

21.36

18

Kenanga Sustainability Series: Emergency Waqf Musa’adah Fund

Kenanga Investors

Malaysia

21.19

19

ABL Islamic Asset Allocation Fund

ABL Asset Management

Pakistan

21.15

20

Al-Ameen Islamic Income Fund

UBL Funds

Pakistan

20.93

Top 20 Islamic mixed asset funds globally by AuM (24-Dec-2024)

Rank

Fund name

Fund manager

Domicile

AuM (US$ million)

1

Al Rajhi Growth Fund

Al Rajhi Capital

Saudi Arabia

1,756.43

2

Takafulink Dana Ekuiti

Prudential BSN Takaful

Malaysia

662.88

3

Public Islamic Asia Tactical Allocation Fund

Public Mutual

Malaysia

548.35

4

Al Rajhi Monthly Distribution Fund

Al Rajhi Capital

Saudi Arabia

454.54

5

Al Rajhi Monthly Distribution Fund 2

Al Rajhi Capital

Saudi Arabia

345.88

6

Islamic Balanced Fund

Camissa Asset Management

South Africa

238.12

7

Principal Islamic Lifetime Balanced Fund

Principal Asset Management

Malaysia

218.32

8

Public Islamic Mixed Asset Fund

Public Mutual

Malaysia

206.99

9

SAB Invest Multi Assets Balanced Fund

SAB Invest

Saudi Arabia

189.65

10

SC Balanced Fund – Class D

Sedco Capital

Luxembourg

187.44

11

Turkiye Life And Retirement Participation Contribution Retirement Investment Fund

Turkiye Hayat Ve Emeklilik

Turkiye

176.57

12

Oasis Crescent Income Fund

Oasis Crescent

South Africa

175.17

13

Meezan Islamic Income Fund

Al Meezan Investment Management

Pakistan

165.14

14

Takafulink Dana Urus

Prudential BSN Takaful

Malaysia

157.77

15

Emirates Islamic Global Balanced Fund (Luxembourg)

Emirates NBD Asset Management

Luxembourg

151.42

16

Public Ehsan Mixed Asset Conservative Fund

Public Mutual

Malaysia

136.79

17

SAB Invest Multi Assets Growth Fund

SAB Invest

Saudi Arabia

127.52

18

SNB Capital Multi-Asset Moderate Fund

SNB Capital

Saudi Arabia

122.17

19

Garanti Retirement And Life Participation Contribution Retirement Investment Fund

Garanti Emeklilik Ve Hayat

Turkiye

119.46

20

United-i Global Balanced Fund – MYR hedged Class

UOB Asset Management

Malaysia

119.02

Top Islamic mixed asset fund managers globally by AuM (24-Dec-2024)

Rank

Fund manager

Country

AuM (US$ million)

1

Al Rajhi Capital

Saudi Arabia

2,561.39

2

Public Mutual

Malaysia

1,067.02

3

Prudential BSN Takaful

Malaysia

820.65

4

SAB Invest

Saudi Arabia

383.09

5

Principal Asset Management

Malaysia

357.32

6

Turkiye Hayat Ve Emeklilik

Turkiye

354.42

7

Garanti Emeklilik Ve Hayat

Turkiye

329.08

8

Sedco Capital

Saudi Arabia

267.42

9

Maybank Asset Management

Malaysia

249.48

10

Camissa Asset Management

South Africa

247.26

11

SNB Capital

Saudi Arabia

246.52

12

Oasis Crescent

South Africa

213.9

13

UOB Asset Management

Malaysia

211.31

14

Emirates NBD Asset Management

United Arab Emirates

194.88

15

Al Meezan Investment Management

Pakistan

178.32

16

Katilim Emeklilik ve Hayat

Turkiye

155.18

17

Kenanga Investors

Malaysia

154.3

18

Hejaz Financial Services

Australia

116.84

19

AIA Public Takaful

Malaysia

103.8

20

Manulife Investment Management

Malaysia

103.3

Top 20 Islamic money market funds globally by one-year return (24-Dec-2024)

Rank

Fund name

Fund manager

Domicile

Returns (%)

1

Albaraka Portfolio Short-Term Participation Free (TL) Fund

Albaraka Portfoy

Turkiye

56.96

2

Kuveyt Turk Portfolio Short-Term Participation Free (TL) Fund

Kuveyt Turk Portfoy

Turkiye

55.13

3

ABL Islamic Financial Planning Fund (Capital Presevation Plan-II)

ABL Asset Management

Pakistan

32.23

4

Meezan Financial Planning Fund of Funds (Conservative)

Al Meezan Investment Management

Pakistan

31.85

5

ABL Islamic Financial Planning Fund (Capital Preservation Plan-I)

ABL Asset Management

Pakistan

31.6

6

Al Barakat Bank Islamic Money Market Fund

Hermes Fund Management (EFG Holdings)

Egypt

28.7

7

Participation Retirement And Life Aggressive Participation Variable (Foreign Exchange) Retirement Investment Fund

Katilim Emeklilik ve Hayat

Turkiye

26.64

8

Al Baraka Bank Egypt Money Market Mutual Fund With Accumulative Daily Return (Al Barakat Certificate)

Hermes Fund Management (EFG Holdings)

Egypt

21.56

9

JS Islamic Pension Savings Fund (Money Market)

JS Investments

Pakistan

21.28

10

Al-Ameen Islamic Retirement Savings Fund – Money market

UBL Funds

Pakistan

20.83

11

JS KPK Islamic Pension Fund (Money Market)

JS Investments

Pakistan

20.41

12

NBP GOKP Islamic Pension Fund – Money market Sub Fund

NBP Fund Management

Pakistan

20.4

13

Faysal Islamic Pension Fund – Money Market

Faysal Asset Management

Pakistan

20.26

14

Faysal Islamic Cash Fund

Faysal Asset Management

Pakistan

20.09

15

ABL Islamic Income Fund

ABL Asset Management

Pakistan

20.07

16

HBL KPK Islamic Pension Fund (Money Market Sub Fund)

HBL Asset Management

Pakistan

19.8

17

Mahaana Islamic Cash Fund

Mahaana

Pakistan

19.8

18

Atlas Islamic Money Market Fund

Atlas Asset Management

Pakistan

19.75

19

Alhamra Cash Management Optimizer

MCB Funds

Pakistan

19.7

20

NBP Islamic Daily Dividend Fund

NBP Fund Management

Pakistan

19.7

Top 20 Islamic money market funds globally by AuM (24-Dec-2024)

Rank

Fund name

Fund manager

Domicile

AuM (US$ million)

1

AHAM Aiiman Money Market Fund

AHAM Capital Asset Management

Malaysia

3,163.47

2

SNB Capital Al Sunbullah SAR

SNB Capital

Saudi Arabia

3,130.75

3

SNB Capital Saudi Riyal Trade Fund

SNB Capital

Saudi Arabia

2,451.94

4

Al Rajhi Awaeed Fund

Al Rajhi Capital

Saudi Arabia

2,263.48

5

Kuveyt Turk Portfolio Short-Term Participation Free (TL) Fund

Kuveyt Turk Portfoy

Turkiye

1,481.18

6

Watani KD Money Market Fund II

NBK Wealth

Kuwait

1,374.5

7

Alpha Murabaha Fund

Alpha Capital

Saudi Arabia

1,276.08

8

Meezan Sovereign Fund

Al Meezan Investment Management

Pakistan

962.29

9

Principal Islamic Deposit Fund – Class AI

Principal Asset Management

Malaysia

882.59

10

Boubyan KD Money Market Fund II

Boubyan Capital

Kuwait

867.12

11

RHB Islamic Cash Management Fund

RHB Asset Management

Malaysia

817.08

12

Albaraka Portfolio Short-Term Participation Free (TL) Fund

Albaraka Portfoy

Turkiye

790.41

13

ANB Capital SAR Trade Fund

ANB Capital

Saudi Arabia

654.82

14

Emirates Islamic Money Market Fund

Emirates NBD Asset Management

Jersey

580.69

15

Al Rajhi Saving and Liquidity Fund – SAR

Al Rajhi Capital

Saudi Arabia

545.35

16

AlBadr Murabaha Fund SAR

BSF Capital

Saudi Arabia

471.04

17

Maybank Retail Money Market-I Fund

Maybank Asset Management

Malaysia

469.75

18

Jadwa Saudi Riyal Murabaha Fund – Class A

Jadwa Investment

Saudi Arabia

441.41

19

SAB Invest Saudi Riyal Murabaha Fund

SAB Invest

Saudi Arabia

439.12

20

Alinma Saudi Riyal Liquidity Fund

Alinma Investment

Saudi Arabia

436.42

Top 20 Islamic money market fund managers globally by AuM (24-Dec-2024)

Rank

Fund manager

Country

AuM (US$ million)

1

SNB Capital

Saudi Arabia

5,759.78

2

AHAM Capital Asset Management

Malaysia

3,545.64

3

Al Rajhi Capital

Saudi Arabia

2,986.89

4

Al Meezan Investment Management

Pakistan

1,877.2

5

Kuveyt Turk Portfoy

Turkiye

1,481.52

6

NBK Wealth

Kuwait

1,398.9

7

Alpha Capital

Saudi Arabia

1,289.17

8

Principal Asset Management

Malaysia

1,282.98

9

Maybank Asset Management

Malaysia

1,100.55

10

Boubyan Capital

Kuwait

938.31

11

RHB Asset Management

Malaysia

817.23

12

Albaraka Portfoy

Turkiye

790.41

13

Jadwa Investment

Saudi Arabia

671.35

14

ANB Capital

Saudi Arabia

662.24

15

Emirates NBD Asset Management

United Arab Emirates

580.69

16

BSF Capital

Saudi Arabia

560.72

17

SAB Invest

Saudi Arabia

466.39

18

Alinma Investment

Saudi Arabia

436.42

19

Faysal Asset Management

Pakistan

426.02

20

Riyad Capital

Saudi Arabia

420.03

Top 20 Islamic real estate funds globally by one-year return (24-Dec-2024)

Rank

Fund name

Fund manager

Domicile

Returns (%)

1

Albaraka Portfolio Real Estate Participation Short Term Participation Free (TL) Fund

Albaraka Portfoy

Turkiye

54.02

2

Allianz Life And Retirement Oks Aggressive Participation Variable Retirement Investment Fund

Allianz Yasam ve Emeklilik

Turkiye

47.64

3

Markaz Real Estate Fund

Markaz (Kuwait Financial Center)

Kuwait

12.77

4

Rasmala European Real Estate Income Fund

Rasmala Holdings

Cayman Islands

10.42

5

Musharaka REIT Fund

Musharaka Capital

Saudi Arabia

7.8

6

Hejaz Property Fund

Hejaz Financial Services

Australia

7.74

7

Rasmala North American Real Estate Income Fund

Rasmala Holdings

Cayman Islands

6.27

8

Manzil Mortgage Investment Fund

Manzil

Canada

5.78

9

MCCA Income Fund

MCCA Asset Management

Australia

4.5

10

Amanah Hartanah Bumiputera

Pelaburan Hartanah

Malaysia

4.45

11

AlMa’ather REIT Fund

Osool and Bakheet Investment Company

Saudi Arabia

4.4

12

Rasmala Long Income Fund

Rasmala Holdings

Cayman Islands

4.32

13

SEDCO CAPITAL GLOBAL UCITS – SC Global Real Estate Equities Passive Fund – Class D

Sedco Capital

Luxembourg

3.56

14

SEDCO CAPITAL GLOBAL UCITS – SC Global Real Estate Equities Passive Fund – Class R

Sedco Capital

Luxembourg

3.45

15

HSBC FTSE EPRA NAREIT Developed Islamic UCITS ETF

HSBC Asset Management

Republic of Ireland

2.77

16

SP Funds S&P Global REIT Sharia ETF

ShariaPortfolio

United States

2.35

17

Global Sharia REITS Portfolio

Invesense Asset Management

United Arab Emirates

2.3

18

Nigeria Real Estate Investment Trust

Chapel Hill Denham Management

Nigeria

1.31

19

KFH Capital REIT Fund

KFH Capital

Kuwait

-3.83

20

SNB Capital Global REITs Fund

SNB Capital

Saudi Arabia

-4.09

Top 20 Islamic real estate funds globally by AuM (24-Dec-2024)

Rank

Fund name

Fund manager

Domicile

AuM (US$ million)

1

Amanah Hartanah Bumiputera

Pelaburan Hartanah

Malaysia

1,127.5

2

Al Rajhi REIT Fund

Al Rajhi Capital

Saudi Arabia

837.76

3

Jadwa REIT Saudi fund

Jadwa Investment

Saudi Arabia

748.34

4

Jadwa REITs Fund

Jadwa Investment

Saudi Arabia

713

5

Emirates REIT

Equitativa Group

United Arab Emirates

648.1

6

Bonyan REIT

BSF Capital

Saudi Arabia

575.89

7

Alkhabeer REIT Fund

Alkhabeer Capital

Saudi Arabia

542.25

8

AlAhli REIT Fund (1)

SNB Capital

Saudi Arabia

532.85

9

SEDCO CAPITAL REIT Fund

Sedco Capital

Saudi Arabia

498.39

10

Derayah REIT

Derayah Financial

Saudi Arabia

439.58

11

Riyad REIT

Riyad Capital

Saudi Arabia

375.51

12

Alinma Retail REIT Fund

Alinma Investment

Saudi Arabia

314.59

13

Albaraka Portfolio Real Estate Participation Short Term Participation Free (TL) Fund

Albaraka Portfoy

Turkiye

279.4

14

Mulkia Gulf Real Estate REIT

Mulkia Investment

Saudi Arabia

276.64

15

Alinma Hospitality REIT Fund

Alinma Investment

Saudi Arabia

271.94

16

Markaz Real Estate Fund

Markaz (Kuwait Financial Center)

Kuwait

237.18

17

Taleem REIT Fund

BSF Capital

Saudi Arabia

230.99

18

Musharaka REIT Fund

Musharaka Capital

Saudi Arabia

202.99

19

ENBD REIT

Emirates NBD Asset Management

United Arab Emirates

202

20

Jadwa REIT Al Haramain

Jadwa Investment

Saudi Arabia

189.91

Top 20 Islamic real estate fund managers globally by AuM (24-Dec-2024)

Rank

Fund manager

Country

AuM (US$ million)

1

Jadwa Investment

Saudi Arabia

1,651.25

2

Pelaburan Hartanah

Malaysia

1127.5

3

Al Rajhi Capital

Saudi Arabia

961.84

4

BSF Capital

Saudi Arabia

806.88

5

Sedco Capital

Saudi Arabia

666.64

6

Equitativa Group

United Arab Emirates

648.1

7

SNB Capital

Saudi Arabia

607.66

8

Alinma Investment

Saudi Arabia

586.53

9

Alkhabeer Capital

Saudi Arabia

542.25

10

Derayah Financial

Saudi Arabia

439.58

11

Riyad Capital

Saudi Arabia

375.51

12

Albaraka Portfoy

Turkiye

324.03

13

Mulkia Investment

Saudi Arabia

276.64

14

Rasmala Holdings

United Arab Emirates

269.56

15

Markaz (Kuwait Financial Center)

Kuwait

237.18

16

Musharaka Capital

Saudi Arabia

202.99

17

Emirates NBD Asset Management

United Arab Emirates

202

18

KFH Capital

Kuwait

177.02

19

Alistithmar Capital

Saudi Arabia

156.54

20

ShariaPortfolio

United States

155.13

Top 20 Islamic Sukuk funds globally by one-year return (24-Dec-2024)

Rank

Fund name

Fund manager

Domicile

Returns (%)