GLOBAL: Islamic index funds grew by 90.66% year-on-year to reach US$6.55 billion at the end of Q1 2026, according to the IFN Investor Funds Database. Luxembourg maintains its hold as the largest domicile for Shariah index funds with 16 funds managing US$2.57 billion in assets collectively.
Quarter-on-quarter, Egypt recorded the highest growth in AuM – over 84% from US$51.6 million in Q4 2025 to US$95.1 million in Q1 2026. Meanwhile Saudi Arabia, Canada and the UK demonstrated positive quarterly momentum growing 4.47% to US$1.28 billion, 8.6% to US$326 million and 1.57% to 382.5 million respectively.
Over the same period Australia, Malaysia and Indonesia saw Islamic index funds AuM decline respectively by 4.7% to US$74.74 million, 6.33% to US$50.92 million and 11.16% to US$6.35 million as at the 31st March 2026.
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