Write a 7 page essay on The attractiveness of investing in islamic mutual funds.The British government acclaims that United Kingdom is the principal hub for Islamic economics out of the Gulf Cooperati

Write a 7 page essay on The attractiveness of investing in islamic mutual funds.

The British government acclaims that United Kingdom is the principal hub for Islamic economics out of the Gulf Cooperative Council (GCC) region. Countries such as Malaysia have distinct clear policy intentions for growth. In retrospect, studies have confirmed that Britain is the global pioneer for Islamic business education. Islamic pecuniary services are obtainable in Britain by approximately two dozen commercial banks comprising of Barclays, HSBC, as well as RBS. HSBC’s Islamic business department Amanah, which is predominantly the market leader, realised an almanac asset evolution of over 50% in 2007 and 2008 period. Later down the line, the bank had grown its Islamic investment return to almost ten times this amount by the year 2013. This growth is owed to the fact that as Shari’a rule forbids many high-risk doings. Islamic fiscal services have overtime been less influenced by the credit catastrophes than their orthodox counterparts, which swells this appeal. Western nations like the US or Switzerland are also endorsing their Islamic fiscal services to appeal to investors.

As a multibillion-dollar business within Islamic economics and Islamic share, Islamic mutual funds stand as a gold mine to both Muslims and non-Muslims in the global economic sphere. Over seven hundred Islamic joint funds are presently offered, which concentrate on a diversity of different resources for instance equities, asset finance, as well as real property. Despite the fact that this section of the investment market holds so much potential little information on why it is attractive to investors have been done. In this paper, a sample of Saudi Arabian investors and Islamic mutual funds executives was made to make sense of the phenomenon

Despite the fact that Islamic investment has been viewed as a growing and a potentially gold mine venture, the reason why venture is related to the industry’s restricted nature by a couple