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FINANCIAL NEWS
Saudi Arabia’s industry exceeds expectations at USD27.56 b
25 Nov 2013
(MENAFN) Saudi Arabia’s industry saw a significant growth ranking first in the Middle East and North Africa region, according to Arab News.
This gives a sign of the increasing demand for Islamic investment opportunities as Muslim investors form a majority in the region.
Performance of Shariah-compliant funds, which are 160 funds and managed by 25 fund managers, are still positive from the beginning of the year as 143 Islamic funds showed shining results.
Meanwhile, assets of the Kingdom’s investment funds reached what is worth USD27.56 billion.
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