Islamic assets continue to be a global stronghold with the IFN Investor Funds Database, as the leading resource on Islamic public fund offerings, recording 2,706 public Islamic funds managed by 518 asset management firms, handling a total of US$450.12 billion in AuM as at the 16th March 2026.
Of these, 317 Islamic funds are domiciled in Europe – they recorded a 17.71% higher total AuM at US$58.35 billion in Q4 2025, up from US$49.58 billion in Q3 2025. Turkiye was the largest and fastest growing market, with total AuM in 210 public funds surging 25.91% to US$34.75 billion.
Meanwhile, Singapore’s Islamic fund landscape is predominantly objective-driven, with almost half linked to insurance mandates. The others are structured as feeder or sub-funds within broader Shariah compliant platforms.
Our reports
Looking beyond the current Middle East conflict, Shariah-focused PE firm Nahda Capital Partners is launching its inaugural fund in April 2026 to raise US$300 million – to invest in SMEs on growth trajectories.
While navigating short-term headwinds, Stone Creek Global is maintaining support for the Shariah repo landscape – anticipating a rising demand for better risk and liquidity management solutions in the GCC region.
Invesense Asset Management is broadening its AI-driven Shariah portfolio exposure to include sectors such as healthcare and industrials plus smaller players involved in networking, data transmission and other infrastructure functions – often described as the “plumbers of AI”.
Aiming to attract investors seeking Shariah compliant assets beyond the usual locations, Chile could draw Islamic capital flows with its lower regulatory friction, greater institutional stability and a strong network of international treaties.
Deals and offerings
Announcements related to the King Salman Park project include a SAR3.2 billion (US$853.3 million) fund managed by SAB Invest to support delivery of about 50,000 square meters of office space, at least 600 residential units and over 140 hotel keys – bringing total committed investment to over SAR20 billion (US$5.33 billion) across five major packages in Riyadh.
The Saudi Capital Market Authority approved the public offering of the Watheeq SAR Murabaha Fund. The Riyad Healthcare Equity Fund, an open-ended vehicle investing in Saudi market, raised over SAR22 million (US$5.86 million) during its IPO period.
Malaysia’s BIMB Investment Management launched a Shariah wholesale income fund benchmarked to the one-month term deposit-i Tawarruq profit rate of Bank Islam.
Fintech advances
UAE’s cryptocurrency exchange Bybit plans to develop additional Shariah compliant products as part of its Middle East expansion strategy.
The launch of fintech platform Akinda.io further expands access to US financial markets for Muslim investors globally.
Fintech Qazwa’s platform is allowing Salam Setara Foundation to channel Waqf funds to support health service financing projects, especially in dialysis service facilities.
Shariah compliant microlending firm Muhlah Zamaniyah closed a SAR28.25 million (US$7.53 million) seed investment round, led by Saudi VC BIM Ventures and Japan’s SBI Group.
Significant developments
Prime central London property values will increase by 8.1% over the next five years, according to real estate consultancy Savills, which has partnered with QIB UK, a subsidiary of Qatar Islamic Bank, to inform potential Qatari investors on the latest research about the London residential market.
The Securities and Exchange Commission of Pakistan approved Al-Hilal Shariah Advisors to independently conduct Shariah screening of securities. The Securities and Exchange Commission of Sri Lanka is seeking to hire qualified Shariah scholars to provide compliance certification for Islamic products in the Sri Lankan capital market.
The Indonesia Stock Exchange introduced a ‘Shariah mode’ on its IDX Mobile app for information on the Islamic capital market including Shariah equities, Sukuk, Shariah virtual trading, Fatwas and regulations.
