Singaporean Islamic fund AuM slips in Q1 on quarterly basis but still registers healthy double-digit yearly growth

SINGAPORE: Singaporean Islamic funds experienced a 7.82% contraction in AuM in Q1 2026 to reach US$512.77 million against US$556.56 million in Q4 2025, driven mainly by a decline in mixed assets and fixed income funds, according to IFN Investor Funds data. Year-on-year, however, the 11 Singaporean public Shariah compliant funds tracked by IFN Investor have grown as a whole – total AuM expanded by 31.48% from US$389.99 million, on the back of a 40.42% rise in equities funds to US$116.18 million, a 46.07% increase in fixed income funds to US$155.07 million and a 20.1% growth in mixed assets funds to US$241.52 million.