Islamic funds are driving the growth – a trend that is expected to continue, BMA representatives say. Nearly 40 Islamic funds were registered by the end of March 2006, with assets under management of almost $1 billion.
Foreign interest
“The average size of Bahrain-domiciled funds authorized during 2006 was $60 million,” says Mohammed Ayman Al Tajer, director of non-bank financial institutions supervision at the BMA. “The sponsors/managers of these funds are prominent institutions from outside Bahrain, including the UK and other GCC states.”
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
