As the leading resource tracking Shariah-focused investment approaches worldwide, the IFN Investor Funds Database recorded 2,560 public Islamic funds managed by 491 asset management firms as of the 8th September 2025, with a combined total of US$650.08 billion in AuM.
Islamic equity funds in Luxembourg shrugged off strong economic headwinds in Q2 2025 to post a 10.28% growth, according to the same tracked data. Meanwhile, investors in Australia are maintaining a cautious but optimistic approach toward Islamic funds, with a slight preference for equity-focused strategies.
Precious metals
With global prices for gold and silver – which are among the precious assets preferred by Islamic investors – surpassing the respective US$3,500 and US$40 per ounce marks by early September 2025, industry experts forecast this upward trend may well continue into 2026.
The Zargar KarAmand Gold-Backed Exchange-Traded Fund IPO launched to raise IRR49.5 trillion (US$1.17 billion) makes this the 24th gold-backed investment fund and the 26th commodity fund on the Iran Mercantile Exchange.
Fund offerings
In an age where speed is often paramount, New York-domiciled Sabr Investment Technologies is instead advocating patience with its quantitative strategy fund – for gains through a long-only investment approach.
Mauritius-based Alteia Fund Management is focused on Islamic commodity trade financing fund offerings that span exports across continents. KCB Bank is preparing to roll out Shariah compliant investment funds for infrastructure projects including housing, roads and rail – leveraging its regional footprint in Tanzania and Burundi.
Newly-launched wholesale Berjaya Mutual Shariah Enhanced Income Fund will focus on short-term ringgit-denominated Islamic money market instruments and cash. Minimum subscription is RM100,000 (US$23,641).
Ajman Bank inked a deal to offer its clients access to several Luxembourg-domiciled Franklin Templeton Shariah Funds.
Investment developments
Tabadulat is taking a dual-track approach for its Islamic digital investing solution – first partnering with banks to deliver new revenue streams and gaining some credibility, even while running a direct-to-retail platform.
Abu Dhabi’s BlueFive Capital is taking a minority stake in Saudi-based Sidra Capital, which in turn will see the latter’s shareholder – Al Murjan Group – taking a stake in BlueFive786. European PE firm, Perwyn, will be selling its stake in Halal meat and meals supplier Isla Deélice to A&M Capital Europe by the end of 2025.
The SPDR JPMorgan Saudi Arabia Aggregate Bond UCITS ETF (Acc), with Public Investment Fund as the anchor investor, is now cross-listed on the Singapore Exchange – after its earlier presence on the Deutsche Boerse, London Stock Exchange and the Borse Italiana.
UBS Securities Malaysia became the first foreign-owned broker to offer Islamic stockbroking services on Bursa Malaysia-I, resulting in 18 stockbroking firms now offering such services.
The Saudi Capital Market Authority announced licenses for Itmam invest to conduct managing investments, arranging and advising activities in the securities business while that for Merak Capital is to conduct arranging activities in securities.
