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Islamic equity funds were launched in the early 1990s, and began growing fairly rapidly in about 2004. As of 2014 there were 943 Islamic mutual funds worldwide and as of May 2015, they held $53.2 billion of assets under management. Malaysia and Saudi Arabia dominate the sector with about 69% of total assets under management.
Retirement Fund (Incorporated) (Malay: Kumpulan Wang Persaraan (Diperbadankan); KWAP) is a statutory body which manages the pension scheme for Malaysia's public employees. KWAP is the investment manager of the Retirement Fund, which is applied towards financing the government's pension liability, and is responsible for the administration and ...
The Islamic Financial Services Board (IFSB) is an international standard-setting body of regulatory and supervisory agencies that promotes the soundness and stability of the Islamic financial services industry, covering banking, capital market and insurance. [3] In advancing this mission, the IFSB promotes the development of a prudent and ...
Islamic Arts Museum Malaysia. / 3.1419; 101.6898. The Islamic Arts Museum Malaysia ( Malay: Muzium Kesenian Islam Malaysia) is a museum in Kuala Lumpur, Malaysia. It was officially opened on 12 December 1998. The museum is the largest museum of Islamic arts in Southeast Asia with more than seven thousands artifacts from the Islamic world.
KUALA LUMPUR (Reuters) -Malaysia's top court on Friday declared unconstitutional more than a dozen Islamic laws enacted by the state of Kelantan, in a landmark decision that could affect similar ...
Parent agency. Prime Minister's Department. Website. www .islam .gov .my. Department of Islamic Development Malaysia ( Malay: Jabatan Kemajuan Islam Malaysia, Jawi alphabet: جابتن كماجوان اسلام مليسيا) or popularly known as JAKIM (جاكيم), is a federal government agency in Malaysia that administers Islamic affairs in ...
The Islamic Interbank Money Market was established by Bank Negara Malaysia on 3 January 1994, and has developed instruments to manage the liquidity needs of the Islamic financial institutions – "funding and adjusting portfolios over the short term".
The Organisation of Islamic Cooperation founded in 1969 has 57 members, 56 of which are also member states of the United Nations, with 48 countries being Muslim majority countries. Some member countries, especially in West Africa and South America , are – though with large Muslim populations – not necessarily Muslim majority countries .