The IFN Investor Funds Database, the leading intelligence platform on Islamic public fund offerings, recorded 2,771 funds managed by 520 asset management firms, with a combined total AuM of US$415.24 billion as at the 21st September 2026.
New funds
It has been an exceptionally good week of new Islamic funds launches and product expansion.
Indonesia’s gold push is yielding promising momentum: Bank Central Asia and Batavia Prosperindo Aset Manajemen have jointly launched a US dollar-denominated Shariah compliant mutual fund investing in gold/precious metals mining companies while Batavia Prosperindo Aset Manajemen rolled out a gold Shariah ETF.
Saudi Arabia continues to manufacture new products, anchoring its global position as an Islamic fund powerhouse: the Saudi Capital Market Authority approved the public offering of the AlAwwal Promising Growth Fund, managed by AlAwwal Capital as well as the public offering of the Al Rajhi Sukuk Distribution Fund, managed by Al Rajhi Capital. Meanwhile in Iran, at least two new funds opened for subscriptions.
The community is also growing: iCapital received approval from Abu Dhabi Global Markets to provide alternative investment products to clients in the Middle East and expanded its Shariah compliant alternative investment strategies in collaboration with Aditum Investment Management. Swiss Islamic Finance received Shariah certification from Amanah Advisors for its investment and Swiss pension solutions.
Expanding collaboration
Promising partnerships were formed: Sukuk Capital and Tamam Finance agreed to develop joint financing and investment solutions with new outcomes to be announced before the end of 2026.
Saudi debt crowdfunding marketplace, Lendo, signed a strategic agreement with Austrian asset management firm Quantic Financial Solutions to set up an institutional capital program of up to SAR750 million (US$200 million).
RihalQ, a Halal screening platform, partnered with US-based investment adviser Asal Invest to provide Islamic finance equity screening and data to investors across the US.
