Top 10 Islamic funds in Europe by three-month returns (5-Aug-2024)
Rank | Fund Manager | Fund Name | 3 months return |
1 | State Street | HSBC Islamic Equity Index Sub-Fund | 12.47% |
2 | HSBC Global Asset Management (UK) | HSBC UCITS Common Contractual Fund – Islamic Global Equity Index Fund – Class A4CGBP | 11.07% |
3 | HSBC Global Asset Management (UK) | HSBC UCITS Common Contractual Fund – Islamic Global Equity Index Fund – Class D3CGBP | 11.07% |
4 | Azimut Portfoy | Azimut Portfolio Lease Certificate Sukuk Participation Fund | 10.13% |
5 | The People Pension | Shariah 0.5% Pn | 7.06% |
6 | HSBC Global Asset Management (UK) | HSBC MSCI Europe Islamic ESG UCITS ETF | 6.77% |
7 | iShares (BlackRock) | iShares MSCI EM Islamic UCITS ETF | 5.75% |
8 | HANetf Management Limited | The Royal Mint Responsibly Sourced Physical Gold ETC | 5.17% |
9 | HSBC Global Asset Management (UK) | HSBC Islamic Global Equity Index Fund – Class WD | 4.73% |
10 | Baillie Gifford & Co | Baillie Gifford Worldwide Islamic Global Equities Fund | 4.70% |
Top 10 Islamic funds in Europe by AuM (5-Aug-2024)
Rank | Fund Name | Fund Manager | AuM (US$ million) |
1 | HSBC UCITS Common Contractual Fund – Islamic Global Equity Index Fund – Class A2CGBP | HSBC Global Asset Management (UK) | 5,105.35 |
2 | HSBC Islamic Global Equity Index Fund – Class AC | HSBC Global Asset Management (UK) | 1,613.57 |
3 | The Royal Mint Responsibly Sourced Physical Gold ETC | HANetf Management Limited | 873.24 |
4 | AZ Islamic – MAMG Global Sukuk (USD) | Azimut Investment | 697.77 |
5 | Franklin Global Sukuk Fund – A | Franklin Templeton | 681.73 |
6 | iShares MSCI World Islamic UCITS ETF | iShares (BlackRock) | 593.15 |
7 | iShares MSCI EM Islamic UCITS ETF | iShares (BlackRock) | 283.17 |
8 | HSBC Islamic Equity Index Sub-Fund | State Street | 281.65 |
9 | Aegon HSBC Life Islamic Global Equity Index (BLK) | Aegon Asset Management | 239.53 |
10 | Aviva Pension HSBC Islamic Global Equity Index | Aviva | 236 |
Top 10 Islamic fund managers in Europe by AuM (5-Aug-2024)
Rank | Fund Manager | Country | AuM (US$ million) |
1 | HSBC Global Asset Management (UK) | United Kingdom | 6,883.47 |
2 | iShares (BlackRock) | United Kingdom | 1,138.38 |
3 | Franklin Templeton | Luxembourg | 904.8 |
4 | HANetf Management Limited | United Kingdom | 887.44 |
5 | Azimut Investment | Luxembourg | 796.92 |
6 | Aviva | United Kingdom | 445.17 |
7 | Aegon Asset Management | United Kingdom | 296.81 |
8 | State Street | United Kingdom | 281.65 |
9 | Comgest | France | 270.85 |
10 | The People Pension | United Kingdom | 185.74 |
Islamic funds breakdown by asset class – Europe (5-Aug-2024)

Islamic fund breakdown by fund types – Europe (5-Aug-2024)
