Islamic Fund Management
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5. GENERAL POLICY RECOMMENDATIONS
Based on the lessons learned from the case studies, the factors which have had the most
impact have been summarised under the Development-Stage Matrix. Subsequently, spider
charts have been used to illustrate the areas which need to be further developed to facilitate
the progress of the Islamic fund management industry provides an overview of the
respective countries’ spider charts when compared collectively.
Chart 5.1: Key Factors Influencing the Development of the Islamic Fund Management
Industry
Sources: RAM, ISRA
5.1 Strategic Framework and Roadmap for Islamic Fund Management
Upon understanding the areas which affect a domestic Islamic fund management industry, we
have then been able to illustrate its ecosystem. depicts the congruence of the five
core pillars that support the sustainability of Shariah-compliant assets. Without them, the
industry will face challenges in developing domicile Islamic fund management markets, as
seen in Pakistan and South Africa.