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What's New In Investments, Funds? – State Street, Shariah Finance

Editorial Staff

14 August 2024

State Street, Shariah Finance
comes at a time where we are seeing growing interest in services for Islamic assets that adhere to Shariah principles, especially in Malaysia and Brunei,” Stefan Gmuer, head of Asia-Pacific at State Street, said. “The global Islamic finance industry has experienced strong growth over the past few years including the Middle East, US and UK markets, and is expected to maintain its upward trajectory, driven by anticipated lower interest rates and a strong appetite for investments in emerging markets.”

The London Stock Exchange Group (LSEG) expects the total Islamic finance assets to grow from $4.5 trillion in 2022 to $6.67 trillion by 2027.

State Street established its presence in Malaysia and Brunei in 1996 and 2011 respectively.