GLOBAL: Tracking by the IFN Investor Funds Database showed Islamic money market funds worldwide recording strong growth in the first half of 2025, with total AuM climbing 12.55% to US$37.6 billion, up from US$33.4 billion at the end of 2024. The increase reflects renewed investor appetite for short-term Shariah compliant instruments amid continued global economic uncertainties.
Saudi Arabia led the expansion, with total AuM of funds tracked by the database rising 28.12% to US$17.7 billion, reinforcing its position as the largest Islamic money market hub globally. Malaysia, the second-largest market, posted a 6.18% increase to US$9.58 billion, while Indonesia grew 8.4% to US$929.86 million, buoyed by steady inflows into domestic Shariah compliant liquidity products.
Meanwhile, fund assets in Kuwait and Turkiye remained broadly stable – recording marginal changes of +1.16% and –2.72% respectively – while Pakistan saw a 12.81% contraction to US$3.57 billion.
These six leading domiciles – Saudi Arabia, Malaysia, Pakistan, Indonesia, Kuwait and Turkiye –continued to dominate the global Islamic money market landscape, accounting for over 90% of total AuM.
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